Koç Holding withdraws from the non-binding MoU with LGES and Ford for an EV battery JV in Türkiye

13 November 2023, 03:56:15

Koç Holding withdraws from the non-binding MoU with LGES and Ford for an EV battery JV in TürkiyeKorean news agency Yonhap reports that LG Energy Solution, Ford, and Koç Holding scrap plans to build an EV battery JV in Türkiye. Earlier this year, on February 22, the three companies signed a non-binding Memorandum of Understanding (MoU) to form a new joint venture to create one of Europe's largest commercial electric vehicle battery cell facilities near Ankara, Türkiye. The agreement was subject to final agreement by all the parties. Obviously, as per LGES, Koç Holding revoked its participation in the project, citing its consideration of EV adoption and inappropriate timing for battery investment. This decision arrives in a moment of concern about slowing EV demand, rising costs, and economic downturn.Source

Related news

News related to Ford, LG, LGES, LG Energy Solution or Koç Holding

LG Energy Solution and GM to jointly develop prismatic battery cell technology

LG Energy Solution announced a new partnership agreement with General Motors (GM) for prismatic battery cell technology, marking an extension of the two companies’ solid 14-year battery technology partnership. Under this new definitive agreement, the companies will jointly develop prismatic battery cell technology and affiliated chemistries, and once the partnership comes to fruition, the prismatic cell technology...

4 December 2024

The all-electric Ford Capri is unveiled in Europe

Ford has extended its EV offering again, bringing back a fan favorite - the Ford Capri. A classic sports coupe loved by families across Europe has been reborn for an electric generation, with a new look, still in keeping with its iconic design features, but now with a modern purpose. Ford has partnered with French football legend Eric Cantona to lead the reveal of the new Capri, seen fronting the company's launch of...

10 July 2024

LG Energy Solution and Liontown Resources fortify their collaboration in the global lithium sector

LG Energy Solution and Liontown Resources Limited (Liontown) entered into a strategic partnership aimed at fortifying their long-term collaboration in the global lithium sector. The companies signed a convertible note subscription agreement, an extended offtake agreement for the supply of high-quality lithium spodumene from Liontown’s Kathleen Valley project, and a downstream collaboration agreement to explore the...

3 July 2024

LG Energy Solution will supply Renault's Ampere with LFP batteries for five years

LG Energy Solution (LGES) announced that it will supply LFP pouch-type EV batteries to Ampere, the EV pure player born from Renault Group, its long-time customer. The two companies signed the supply agreement at Renault's Paris headquarters in France. Under the five-year contract, LG Energy Solution will provide LFP batteries to Ampere from late 2025 through 2030, with a total capacity of approximately 39 GWh...

3 July 2024

LG Energy Solution - Honda EV battery plant in Ohio marks a major construction milestone

LG Energy Solution and Honda have erected the final structural steel beam at the joint venture’s new EV battery production facility being constructed near Jeffersonville, Ohio. This major construction milestone comes almost one year to the day after the groundbreaking that took place for the over 2 million square feet facility that is expected to be completed by the end of 2024. Projected to reach an overall...

5 March 2024

LG Energy Solution will invest in a U.S. lithium battery technology startup

LG Energy Solution announced its equity investment in Sion Power, a startup company based in Arizona, U.S. which holds core patents in the field of lithium metal battery technology. A lithium metal battery uses a lithium metal anode instead of a graphite or silicon anode to achieve higher energy efficiency compared to existing lithium-ion batteries. However, progress in its development has been slow due to new...

25 January 2024

2024 Mustang Mach-E GT Bronze Appearance Package is launched

The electric Mustang Mach-E model lineup continues to expand with a new Bronze Appearance Package available exclusively on the 2024 Mustang Mach-E GT. This latest offering encourages personalization synonymous with the Mustang brand. The 2024 Mustang Mach-E GT Bronze Appearance Package features: Striking 20-inch Sinister Bronze painted aluminum wheels Eye-catching Mustang “Mach-E 4X” door badges and rear GT Badge...

19 January 2024

LG Display showcased the world's largest automotive display at CES 2024

LG Display showcases a series of ultra-large automotive display solutions at CES 2024. At its dedicated booth for automotive displays in the West Hall of LVCC, the company unveiled the world's largest automotive display - the 57-inch Pillar-to-Pillar (P2P) LCD - and the largest slidable panel - the 32-inch Slidable OLED. The 57-inch Pillar-to-Pillar (P2P) LCD covers the entire dashboard from the driver's seat to the...

10 January 2024

LG and Magna accelerate next-gen autonomous driving and infotainment solutions

LG will hold a private demonstration for major automakers at CES 2024, introducing a new cross domain platform integrating Advanced Driver Assistance System (ADAS), Automated Driving (AD) and In-Vehicle Infotainment (IVI) technologies. Developed by LG in collaboration with Magna, a global mobility tech company, the game-changing future mobility platform is expected to arrive on the market in the near future...

4 January 2024

LG Chem breaks ground of its Tennessee plant, taking the lead as a top cathode supplier in the U.S.

LG Chem has commenced the construction of a cathode plant in the U.S., intending to establish a production hub for the global battery material market. The facility, located in Montgomery County, Clarksville, Tennessee, will locally produce cathode materials optimized for North American electric vehicles (EVs) and collaborate with key partners from development to the supply chain. LG Chem will invest around KRW 2...

28 December 2023

LG Electronics to enter the U.S. EV charging market with a line of owner-operated AC and DC chargers

LG Electronics will enter the rapidly growing U.S. electric vehicle charger market in 2024 with the introduction of its first line of AC and DC powered EV charging stations. According to LG Business Solutions USA's Senior Vice President Nicolas Min, the line will include Level 2 and Level 3 EV chargers, opening new opportunities for businesses, municipalities and other public places to support the electrification of...

17 November 2023

Ford hires a former Samsung SDI executive for EV batteries development at Blue Oval SK

The Elec reports that Ford has hired a former VP at Samsung SDI to develop EV batteries in its joint venture with SK On - Blue Oval SK. According to The Elec's sources, the company has appointed Kim Sung-hoon. He has experience and expertise in developing large batteries, manufacturing technologies such as stacking of battery materials, and production lines for them. It is expected that he will focus on battery...

8 November 2023

LG Energy Solution and Toyota Motor North America sign an EV battery deal

LG Energy Solution and Toyota Motor North America today announced that they have signed a supply agreement for lithium-ion battery modules to be used in Toyota battery electric vehicles (BEVs) that will be assembled in the United States. Under the contract, LG Energy Solution will supply automotive battery modules at an annual capacity of 20GWh starting from 2025. The battery modules, consisting of high-nickel NCMA...

4 October 2023

2024 Ford F-150 Lightning Flash debuts with 320 miles of range

Ford F-150 Lightning Flash debuts today - a tech-forward offering that brings together most of the current customers' favorite features for $69,995. The F-150 Lightning Flash expands on the XLT model line by adding in-demand tech capabilities, including an extended-range battery, which has a targeted EPA-estimated range of 320 miles, available Ford BlueCruise v1.2 hands-free highway driving, and a standard 15.5-inch...

3 October 2023

EV Specifications

Complete specifications of EVs, grouped according to their brand and year

AudiBMWBytonCadillacChevroletDaciae.GOFIATFiskerFordGenesisGMCHondaHyundaiJaguarKIALexusLucidMazdaMercedes-BenzMGMININIONissanOpelPeugeotPolestarPorscheRenaultRivianSEATŠKODAsmartSubaruTeslaToyotaVolkswagenVolvoXiaomi

Featured

Specifications of some of the most interesting and anticipated EVs.

2025 KIA EV6

2025 KIA EV6 GT AWD

Doors: 5, Seats: 5
Length: 184.8 in / 4694 mm
Width: 74.0 in / 1880 mm
Height: 60.8 in / 1545 mm
Curb weight: 4894.26 lb / 2220 kg
Electric motor #1: 303 kW @ 4600 - 10400 rpm, 420 Nm @ 7200 rpm, Location: Rear
Electric motor #2: 175 kW, 350 Nm, Location: Front
Battery: 84 kWh, Voltage: 697 V

2025 KIA EV6

2025 KIA EV6 GT-Line AWD

Doors: 5, Seats: 5
Length: 184.8 in / 4694 mm
Width: 74.0 in / 1880 mm
Height: 60.8 in / 1545 mm
Curb weight: 4750.96 lb / 2155 kg
Electric motor #1: 168 kW, 350 Nm, Location: Rear
Electric motor #2: 74 kW, 255 Nm, Location: Front
Battery: 84 kWh, Voltage: 697 V

2025 KIA EV6

2025 KIA EV6 GT-Line RWD

Doors: 5, Seats: 5
Length: 184.8 in / 4694 mm
Width: 74.0 in / 1880 mm
Height: 60.8 in / 1545 mm
Curb weight: 4519.48 lb / 2050 kg
Electric motor: 168 kW, 350 Nm, Location: Rear
Battery: 84 kWh, Voltage: 697 V

2025 KIA EV6

2025 KIA EV6 Light Long Range AWD

Doors: 5, Seats: 5
Length: 184.8 in / 4694 mm
Width: 74.0 in / 1880 mm
Height: 60.8 in / 1545 mm
Curb weight: 4750.96 lb / 2155 kg
Electric motor #1: 168 kW, 350 Nm, Location: Rear
Electric motor #2: 74 kW, 255 Nm, Location: Front
Battery: 84 kWh, Voltage: 697 V

2025 KIA EV6

2025 KIA EV6 Light Long Range RWD

Doors: 5, Seats: 5
Length: 184.8 in / 4694 mm
Width: 74.0 in / 1880 mm
Height: 60.8 in / 1545 mm
Curb weight: 4519.48 lb / 2050 kg
Electric motor: 168 kW, 350 Nm, Location: Rear
Battery: 84 kWh, Voltage: 697 V

2025 KIA EV6

2025 KIA EV6 Light RWD

Doors: 5, Seats: 5
Length: 184.8 in / 4694 mm
Width: 74.0 in / 1880 mm
Height: 60.8 in / 1545 mm
Curb weight: 4144.69 lb / 1880 kg
Electric motor: 125 kW, 350 Nm, Location: Rear
Battery: 63 kWh, Voltage: 522.7 V

2026 KIA EV9

2026 KIA EV9 GT-Line AWD

Doors: 5, Seats: 6
Length: 197.4 in / 5014 mm
Height: 70.1 in / 1781 mm
Curb weight: 5851.07 lb / 2654 kg
Electric motor #1: 141 kW @ 4000 - 7800 rpm, 350 Nm @ 0 - 3800 rpm, Location: Rear
Electric motor #2: 141 kW @ 4000 - 7800 rpm, 350 Nm @ 0 - 3800 rpm, Location: Front
Battery: 99.8 kWh, Voltage: 552 V

2026 KIA EV9

2026 KIA EV9 Land AWD

Doors: 5, Seats: 6 / 7
Length: 197.2 in / 5009 mm
Height: 68.9 in / 1750 mm
Curb weight: 5818 lb / 2639 kg
Electric motor #1: 141 kW @ 4000 - 7800 rpm, 350 Nm @ 0 - 3800 rpm, Location: Rear
Electric motor #2: 141 kW @ 4000 - 7800 rpm, 350 Nm @ 0 - 3800 rpm, Location: Front
Battery: 99.8 kWh, Voltage: 552 V

2026 KIA EV9

2026 KIA EV9 Wind AWD

Doors: 5, Seats: 7
Length: 197.2 in / 5009 mm
Height: 68.9 in / 1750 mm
Curb weight: 5714.38 lb / 2592 kg
Electric motor #1: 141 kW @ 4000 - 7800 rpm, 350 Nm @ 0 - 3800 rpm, Location: Rear
Electric motor #2: 141 kW @ 4000 - 7800 rpm, 350 Nm @ 0 - 3800 rpm, Location: Front
Battery: 99.8 kWh, Voltage: 552 V

2026 KIA EV9

2026 KIA EV9 Light Long Range RWD

Doors: 5, Seats: 7 / 6
Length: 197.2 in / 5009 mm
Height: 68.9 in / 1750 mm
Curb weight: 5326.37 lb / 2416 kg
Electric motor: 150 kW @ 4200 - 8000 rpm, 350 Nm @ 0 - 4000 rpm, Location: Rear
Battery: 99.8 kWh, Voltage: 552 V

2026 KIA EV9

2026 KIA EV9 Light RWD

Doors: 5, Seats: 7
Length: 197.2 in / 5009 mm
Height: 68.9 in / 1750 mm
Curb weight: 5108.11 lb / 2317 kg
Electric motor: 160 kW @ 4400 - 9000 rpm, 350 Nm @ 0 - 4200 rpm, Location: Rear
Battery: 76.1 kWh, Voltage: 632 V

2026 Hyundai IONIQ 9

2026 Hyundai IONIQ 9 AWD Performance Calligraphy Design

Doors: 5, Seats: 6
Length: 199.2 in / 5060 mm
Height: 70.5 in / 1790 mm
Curb weight: 6007.6 lb / 2725 kg
Electric motor #1: 157 kW, 350 Nm, Location: Rear
Electric motor #2: 157 kW, 350 Nm, Location: Front
Battery: 110.3 kWh, Voltage: 610 V

2026 Hyundai IONIQ 9

2026 Hyundai IONIQ 9 AWD Performance Limited

Doors: 5, Seats: 6
Length: 199.2 in / 5060 mm
Height: 70.5 in / 1790 mm
Curb weight: 5992.16 lb / 2718 kg
Electric motor #1: 157 kW, 350 Nm, Location: Rear
Electric motor #2: 157 kW, 350 Nm, Location: Front
Battery: 110.3 kWh, Voltage: 610 V

2026 Hyundai IONIQ 9

2026 Hyundai IONIQ 9 RWD S

Doors: 5, Seats: 7
Length: 199.2 in / 5060 mm
Height: 70.5 in / 1790 mm
Curb weight: 5507.15 lb / 2498 kg
Electric motor: 160 kW, 350 Nm, Location: Rear
Battery: 110.3 kWh, Voltage: 610 V

2025 Xiaomi YU7 Max

2025 Xiaomi YU7 Max AWD

Doors: 4, Seats: 5
Length: 196.8 in / 4999 mm
Width: 78.6 in / 1996 mm
Height: 63.3 in / 1608 mm
Curb weight: 5423.37 lb / 2460 kg
Electric motor #1: 295 kW, Location: Rear
Electric motor #2: 220 kW, Location: Front
Battery: 101.7 kWh, Voltage: 800 V

2025 Xiaomi YU7 Pro

2025 Xiaomi YU7 Pro AWD

Doors: 4, Seats: 5
Length: 196.8 in / 4999 mm
Width: 78.6 in / 1996 mm
Height: 63.3 in / 1608 mm
Location: Rear
Location: Front
Battery: 96.3 kWh, Voltage: 800 V

2025 Xiaomi YU7

2025 Xiaomi YU7 RWD

Doors: 4, Seats: 5
Length: 196.8 in / 4999 mm
Width: 78.6 in / 1996 mm
Height: 63.3 in / 1608 mm
Curb weight: 4717.89 lb / 2140 kg
Electric motor: 235 kW, 528 Nm, Location: Rear
Battery: 96.3 kWh, Voltage: 800 V

2025 Xiaomi SU7 Ultra

2025 Xiaomi SU7 Ultra AWD

Doors: 4, Seats: 5
Length: 199.6 in / 5070 mm
Width: 77.6 in / 1970 mm
Height: 57.7 in / 1465 mm
Electric motor #1: 850 kW, 1270 Nm, Location: Rear
Electric motor #2: 288 kW, 500 Nm, Location: Front
Battery: 93.7 kWh