Koc Holding revokes pact with Ford, LG Energy Solution for T

Koc Holding revokes pact with Ford, LG Energy Solution for Turkey battery JV

Turkey's Koc Holding said on Friday it revoked an earlier agreement with Ford and South Korean battery maker LG Energy Solution (LGES) for a joint venture to produce battery cells for commercial electric vehicles. The three companies signed a non-binding agreement in February to form a joint venture to create one of Europe's biggest electric vehicle (EV) battery cell facilities near Turkey's capital Ankara.

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