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Ford set to tap LG for Turkey EV battery plant, replacing SK

SK On faces blow to expansion strategy while trailing rival in tech and cash

A Ford Motor truck equipped with an SK battery is displayed at an expo in South Korea. (Photo courtesy of SK group)

SEOUL/NEW YORK -- Ford Motor is expected to replace South Korea's SK On as its partner for a new electric vehicle battery plant in Turkey, teaming instead with LG Energy Solution, a supplier with more experience and deeper pockets.

A plan announced in March called for SK On, Ford and Turkish industrial group Koc Holding to spend $2 billion building the plant near the capital, Ankara. Operations were slated to start in 2025.

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