LG Energy Solution, Ford Motor, and Koç Holding will join forces to build a new commercial electric vehicle (V) battery cell plant near Ankara, Turkey. The project is anticipated to support Ford Motor’s target of manufacturing more than two million electric vehicles worldwide by 2026. Situated in an industrial zone in Başkent, the new joint […]
Ford Motor Company will construct the BlueOval Battery Park Michigan, a new $3.5 billion lithium iron phosphate (LFP) battery facility in Marshall, Michigan to become the first automaker to manufacture both nickel cobalt manganese (NCM) and LFP batteries in the US. The country’s first automaker-backed LFP battery facility is anticipated to diversify Ford Motor’s US […]
Ford Motor Company has said that it has completed its exit from the Sollers Ford joint venture (JV) in Russia with Sollers OJSC by selling its 49% stake. The American automobile company said that its stake will be transferred to Sollers Ford for a minimal undisclosed value. It further stated that the company has the […]
Tata Motors said that its subsidiary Tata Passenger Electric Mobility Limited (TPEML) has agreed to acquire Ford India Private Limited’s vehicle manufacturing plant in Gujarat for INR 725.7 crores ($91 million). The Ford manufacturing plant is located in Sanand. The deal includes the associated land and buildings, vehicle manufacturing plant and the related machinery and […]
US automaker company Ford Motor and Indian automotive company Mahindra & Mahindra have scrapped their previously announced agreement to create an automotive joint venture. According to the parties, the decision was made on the basis of fundamental changes in economic and business conditions across the world, which have been partly driven by the prevailing Covid-19 […]