A 2 Billion Euro Giant Investment from Ford Otosan!

billion euro giant investment from ford otosan
billion euro giant investment from ford otosan

Prime Minister Recep Tayyip Erdogan, electric, connected and autonomous commercial vehicle leader in production in the next 10 years in Europe, the world said they were aiming to be top 5, "electrical and associated commercial vehicles in the automotive industry of the future will be the largest production center of Turkey. Turkey is determined to make it one of the world's major battery production center. " said.


In his speech at the Ford Otosan Future Vision Meeting held at the Presidential Complex, President Erdoğan recalled Ford Otosan's 2020 billion Euro investment shared with the public in December 2 and said:

CRITICAL ROLE

Ford Otosan already performing 25 percent of the automotive production in Turkey and exporting 12 thousand 500 provides employment to our people. Our company plays a critical role in the development of our country, with a localization rate of 70 percent and an export rate of 90 percent.

PRODUCTION CAPACITY WILL INCREASE

Turkey will provide you with the conversion of electric vehicles and related automotive industry with this investment, Ford Otosan research and development, exports, reveals a great vision and value-added effect will be spread over 10 years of production. When the project is completed, Ford Otosan's production capacity will rise to 440 thousand, 650 thousand, Kocaeli, Turkey's leadership in the commercial vehicles produced are exported to Europe will be further strengthened.

BATTERY PRODUCTION

With the commissioning of the project, a one-ton commercial vehicle will be produced for Volkswagen, as well as Ford. In the facility to be established, not only diesel and gasoline vehicles, but also electric vehicles and batteries will be produced. In this way, a battery capacity of 130 thousand units will be brought to our country. and the associated electric commercial vehicles in the automotive industry thanks to investment in the future will be the largest production center of Turkey.

DIRECT EMPLOYMENT FOR 3 THOUSAND PEOPLE

With the investment, an additional 3 thousand direct employment will be created in the region, thus Ford Otosan's total number of employment will exceed 15 thousand. We expect this investment to make a significant contribution to the sub-industry, and to provide indirect employment for an additional 15 thousand people here.

EUROPEAN MARKET

Ford Otosan will increase its exports from 5,9 billion dollars to 13 billion dollars annually with its new investments, and the President of Ford of Europe, Mr. Rowley, who is currently among us, gives us a purchase commitment to sell the vehicles to be produced in this facility in the European market. With its export capacity, this investment will make a significant contribution to our current account balance.

SMART AUTONOMOUS VEHICLE TECHNOLOGIES

In the near future, we will start to use smart autonomous vehicle technologies widely in our lives. This process of change contains many opportunities and threats for our country, which has been dreaming of producing its own domestic car for decades. While it was difficult to enter the sector with a new brand in times when traditional motor vehicle technologies were dominant, the conditions are now equal. This situation forces existing automotive manufacturers to make new investments, including the technologies of the future.

TURKEY'S CAR PROJECT

Ford Otosan's investment in Kocaeli is one of the best examples of this transformation. We, on the one hand, encourage these investments, on the other hand, want to create a competitive climate in our country by developing our domestic brand. Do not miss the historic opportunity we have started to spread to the front window of the car Turkey Turkey Project continues with full speed. We hope to unload the first mass production vehicles by the end of 2022.

WE ARE AIMING TO BE A LEADER IN EUROPE

We aim to be the leader in Europe and top 10 in the world in the production of electric, connected and autonomous commercial vehicles in the next 5 years. In addition, another area we focus on is battery, module, package and cell investments. Turkey is determined to make it one of the world's major battery manufacturing centers.

A CALL TO SCIENCE PEOPLE

Investment in our people as well as science, we attach great importance to the activities in Turkey. We support reverse brain drain with a program of leading international researchers. Here once again, local or foreign scientists to continue their research in Turkey, to apply to the calls we opened, I invite you to take advantage of the opportunities offered by our country.

VARANK: "TURKEY'S SECOND ELECTRIC VEHICLE MANUFACTURING PLANT"

In his speech, Minister of Industry and Technology Mustafa Varank stated that they continue to work without slowing down under the leadership of the vision of “National Technology Move”. Reminding that Ford Otosan, one of the first companies of the Turkish automotive industry, started production 62 years ago, Minister Varank said, “The 'New Generation Commercial Vehicle and Battery Production' investment, which Ford Otosan has decided to realize in Kocaeli, is the second electric vehicle established in our country after TOGG. production facility. " said.

"INVITATION TO BENEFIT FROM INCENTIVES AND SUPPORT"

Turkey's qualified human resources, technological capabilities, infrastructure facilities and production capabilities with which noted that it has the potential to host the future of the automotive industry Varank, "All automotive manufacturers and global brands that operate in our country to a new generation of mobility means investments in Turkey, we offer I invite you to benefit from attractive incentives and supports. With the geopolitical position of our country, the production infrastructure will both bring you closer to big markets andzam It will offer you a working environment. Each zamWhen we say, 'wins investing in Turkey. Let's take advantage of the opportunities here together. ' I say." used the expressions.

ALİ KOÇ: "THE BIGGEST PROOF"

Ali Koç, Deputy Chairman of Koç Holding Board of Directors and Chairman of Ford Otosan, said, “In an environment of uncertainty created by the pandemic and in a period when everyone avoids investment, making the biggest automotive investment in our history is the biggest proof of the belief of our group and our partner in our country. With this investment, our Kocaeli plant in Turkey, will become the first and only integrated production facility, including battery electric vehicles. " said.

STUART ROWLEY: "WE ARE PROUD"

Stuart Rowley, Ford of Europe Chairman of the "Ford, our joint venture with Koç Holding in Turkey, we are proud of what we achieved so far with Ford Otosan. From now on, we are ready to add a new one to these achievements. " he spoke.

PURCHASE AGREEMENT SIGNED

After his speech, Ford Europe President Stuart Rowley and Ford Otosan Chairman Ali Koç signed a purchase agreement in the presence of President Erdoğan. A model of the electric vehicle to be produced was presented to President Erdogan as a gift.

PRODUCTION CAPACITY WILL UP TO 650 THOUSANDS

Within the scope of the biggest investment of the automotive industry announced by Ford Otosan in order to realize its electric and connected new generation commercial vehicle projects, the commercial vehicle production capacity in Kocaeli Plants will increase to 650 thousand units, most of which are export oriented. In addition, a battery assembly capacity of 130 thousand units will be reached.

WHO PARTICIPATED?

The meeting was attended by Vice President Fuat Oktay, Minister of Environment and Urbanization Murat Kurum, Minister of Treasury and Finance Lütfi Elvan, Minister of Trade Ruhsar Pekcan, Koç Holding Senior Manager (CEO) Levent Çakıroğlu, Koç Holding Automotive Group President Cenk Çimen, Ford Otosan General Manager Haydar Yenigün and Ford Otosan Chief Executive Officer Dave Johnston also attended.


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