One hundred years ago, a now iconic adventure pioneer broke the mould to redefine what was possible for explorers.

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Ford Motor Company, LG Energy Solution and Koç Holding today signed a non-binding memorandum of understanding (MoU) to form a new joint venture subject to final agreement by all the parties to create one of Europe’s largest commercial electric vehicle battery cell facilities near Ankara, Turkey, strengthening the foundation for Ford’s electric future in Europe.

Ford will this year introduce lithium iron phosphate (LFP) batteries to the Mustang Mach-E line-up in Europe, as part of the company’s commitment to making EVs more affordable and accessible to customers.