There is an issue in Turkey that we have been talking about for some time, but it could not be implemented. This issue Koç HoldingThe electric car that wants to install in Turkey through Ford Otosan battery factory. In the first statements on the subject, it was announced that Koç Holding has signed a letter of intent with a company called SK On. This is evident from a statement made through the Public Disclosure Platform, the factory in question to settle in Ankara and it would become one of Europe’s largest battery production facilities.

This project was very important because it will add value to Turkey and a huge investment would cause. In fact, Koç Holding, in the statement it made at the time, for this factory. 32 billion TL He said he would spend it. A little later after all these statements, however, remarkable news came from South Korea. According to the news that would have been served in those days, SK On, gave up on Turkey and he had turned to the US. About a month after this claim, a new move came from Koç Holding. The company this time agreed with LG announced.

With SK On, Hyundai took action to establish a battery factory in the US!

As we continue our search for partners,Whoever took the horse passed Üsküdar.“There was a development that confirmed the promise. Hyundai and SK On reached an agreement and to manufacture batteries in the US they rolled up their sleeves. According to the news from the US, the companies that chose the state of Georgia for the factory have already laid the foundation of the factory. The plant, which will emerge after a $5 billion investment, From 2025 starts serving.

Batteries will be produced for Hyundai, Kia and Genesis electric cars.

The factory set up by Hyundai and SK On, hyundaiIt will produce batteries for the IONIQ 5, 6 and 7 (SUV) models. Also the luxury brand of Hyundai Genesiswith the GV70 model of kia The EV6 and EV9 will also be powered by batteries from this factory.

But there is something more important than all this!

At the beginning of our news, Koç Holding’s partnership with LG have signed a letter of intent we switched. Here is a situation that will lead to the cancellation of this letter of intent. Hyundai wants to establish 2 additional battery factories in the US. If these two facilities come about, batteries will be produced for 1 million electric cars produced in the US. What does this have to do with Koç Holding? Hyundai is in talks with LG to set up additional factories. If this agreement is reached, the electric car battery factory in Turkey could be completely unrealistic.