Ford Otosan to establish battery factory in Turkey

Ford Otosan to establish battery factory in Turkey

ISTANBUL- Anadolu Agency

Turkey-based automotive firm Ford Otosan - a joint venture of Turkish Koç Holding and Ford - started works to establish a battery assembly factory for electric vehicles in the industrial province of Kocaeli.

The firm, with its other plants in Kocaeli, will have the first integrated electric vehicle production facility in the country, Haydar Yenigun, the general manager, said during a virtual meeting.

The battery assembly factory will be completed in 2022, he noted.

Previously, the firm produced Turkey's first electric commercial vehicle - Custom PHEV - and currently assuming the production of Ford's electric commercial vehicle E-Transit, Yenigun recalled.

He also said Ford Otosan is one of the largest investors in the country with €2.5 billion (around $3.08 billion) investments, of which €56 million ($67.5 million) was in electric car production, in the last decade.

LATEST NEWS

  1. Syria's territorial integrity 'non-negotiable,' Fidan says

  2. Crimean Tatar official named as Ukraine’s ambassador to Ankara

  3. CHP's Özel urges 'fair burden sharing' in migration crisis

  4. Trade Ministry eases border procedures for returning Syrians

  5. Parliament approves 2025 budget after weeks of talks
Recommended

Türkiye to receive larger foreign capital: Chamber head

Local textile industry facing challenges in export markets

Turkish Airlines hopes to bring more tourists from Chile

Credit card payments increase 78 percent in November

Central Bank expected to cut key interest rate this week

Trump threatens to take back control of Panama Canal

Sri Lanka’s Dissanayake to pay visit to key lender China
WORLD

Syria's territorial integrity 'non-negotiable,' Fidan says

Türkiye’s Foreign Minister, Hakan Fidan, emphasized on Dec. 22 that Syria’s territorial integrity is “non-negotiable” and reiterated there is no place for the PKK/YPG terror group in the country.
ECONOMY

Türkiye to receive larger foreign capital: Chamber head

Türkiye is expected to receive larger foreign capital and resource inflows next year as its economy becomes increasingly more stable and incentives investors, according to Erdal Bahçıvan, chairman of the board of directors of the Istanbul Chamber of Industry (İSO).

SPORTS

Fenerbahçe in tatters after Athletic loss

Fenerbahçe headed into turbulent times after a home loss in the Europa League against Athletic Bilbao on Dec. 11 night added to the club’s wounds and sparked fan protests.