Ford may shift from SK On to LG to build a 45 GWh battery plant in Turkey
Ford is reportedly shifting its focus from SK On to LG Chem to build a 45 GWh battery plant in Turkey. This move could be an important step in Ford’s efforts to become a leader in electric vehicle production, particularly as the company seeks to expand its presence in Europe. The plant would be Ford’s third battery manufacturing facility in Europe and is part of the company’s larger push towards electrification. By investing so heavily into this new facility, Ford is sending a strong signal that it is committed to building an expansive electric vehicle lineup. In this blog post, we will explore more about why Ford may have chosen this path and what it could mean for their future.
Ford’s Plans to Shift from SK On to LG for Battery Production
Ford is in talks with South Korean battery maker LG over a potential shift in production for its GWh battery plant in Turkey. The move would see Ford shifting away from current supplier SK Innotek, and instead produce batteries with LG.
The potential switch comes as Ford looks to increase its production of electric vehicles. The GWh plant in Turkey is a critical part of that plan, and the company is seeking to secure a stable supply of batteries for those vehicles. LG is seen as a more reliable partner than SK Innotek, which has been beset by quality issues in recent years.
If the shift does occur, it would be a major coup for LG. The company has been seeking to expand its presence in the automotive battery market, and this would be a major step forward. It remains to be seen whether the deal comes to fruition, but it’s clear that Ford is serious about making the switch.
The Significance of the Move
The move would mark a shift from South Korea’s SK On to LG as Ford’s primary battery supplier. The change comes as Ford looks to increase its electric vehicle production in Europe.
LG is one of the world’s largest suppliers of electric vehicle batteries, and the company already has a presence in Turkey. The move would give Ford access to LG’s extensive battery manufacturing capabilities.
The proposed plant would have the capacity to produce batteries for up to 500,000 vehicles per year. It would be one of the largest electric vehicle battery plants in Europe, and it would help Ford meet its goal of producing 1 million electric vehicles by 2025.
The plant would also create thousands of jobs in Turkey, and it would boost the country’s economy.
How the Plant Will Be Used
The plant will be used to build batteries for Ford’s electric vehicles. The company is expected to invest $700 million in the facility, which will have the capacity to produce up to 14GWh of battery cells annually. The move would make Ford one of the largest battery cell producers in the world.