Ford plans to construct a brand new model of its Transit Custom van for the European market in Turkey in 2023 together with full-electric and hybrid variants together with the combustion-engined model.
Ford said on Monday that Ford Otosan, Ford’s Turkish three way partnership with Koc Holding, will assume possession of the automaker’s plant in Craiova, Romania. Ford plans to construct electrical variations of the brand new Transit Courier and Tourneo Courier vans in Craiova in 2024. The vans are presently in-built Turkey.
SK introduced final 12 months a plan to take a position 10.2 trillion received ($8.22 billion) with Ford to construct three battery plants in the U.S.
SK presently has battery manufacturing websites within the U.S., Hungary, China and South Korea.
SK On, which is SK Innovation’s wholly owned battery unit, counts Ford, Volkswagen and Hyundai amongst its prospects.
Reuters contributed to this report
