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Ford, LG Energy Solution, Koç Holding to form JV to build battery gigafactory in Turkey

Green Car Congress

Ford Motor Company, LG Energy Solution and Koç Holding signed a non-binding memorandum of understanding (MoU) to form a new joint venture subject to final agreement by all the parties to create one of Europe’s largest commercial electric vehicle battery cell facilities near Ankara, Turkey. Earlier post.)

Turkey 334
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Turkey-based BD Otomotiv in talks to rescue THINK brand from bankruptcy

Green Car Congress

Sustainable transport group BD Otomotiv (BD OTO AS) said it is in advanced negotiations with the Norwegian court-appointed Trustee of THINK Global to rescue the electric vehicle brand from bankruptcy. BD Otomotiv is a Turkey-based investment group which in recent years has focused on electric transportation.

Turkey 257
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Farasis Energy, Togg JV Siro starts battery module and pack production in Turkey

Green Car Congress

Siro , a joint venture between Farasis Energy and Turkish global mobility technology brand Togg ( earlier post ), has started production at the new Gemlik site in Turkey on 31 March. The plant, with a capacity of 3 GWh/annum, will produce battery modules and packs based on Farasis Energy’s high-performance lithium-ion technology.

Turkey 259
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GM global sales up 7.6% in 2011 to 9.026M vehicles; China and US largest markets

Green Car Congress

global sales rose to more than 9 million vehicles in 2011, a 7.6% GM gained four-tenths of a point of market share to 11.9% of the global vehicle industry. On a corporate basis, GM’s two largest markets in 2011 were China, where GM and its joint venture partners increased sales 8.3% General Motors Global Sales Summary.

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IHS Automotive: global vehicle production to increase by 21M units by 2021; China to account for half of the increment

Green Car Congress

Global automobile production will increase by 21 million units by 2021, and has grown by 25 million units since 2009 as the industry continues to recover from the impact of the global economic recession, according to a forecast by IHS Automotive.

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BYD is building a massive $1 billion EV plant in Turkey as global expansion accelerates

Electrek

BYD signed a deal to build a massive $1 billion EV plant in Turkey on Monday. The news comes after BYD opened its first factory in Thailand, with others planned in Brazil and Mexico as it expands in overseas markets.

Turkey 137
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BYD closes in on huge $1 billion EV plant in Turkey as global expansion accelerates

Electrek

BYD is closing in on a deal to build a massive $1 billion EV plant in Turkey. The news comes after BYD opened its first factory in Thailand, with others planned in Brazil and Mexico as it expands in overseas markets.

Turkey 137