Ford, SK On Co Ltd and Koç Holding have signed a non-binding Memorandum of Understanding for a new, industry-leading joint venture business in Turkey, subject to progression to a firm commitment from the three partners that would lead to the creation of one of the largest commercial vehicle electric battery facilities in the European wider region. The joint venture would be located on a site near Ankara and will manufacture high Nickel NMC cells for assembly into battery array modules. Production is intended to start as early as mid-decade with an annual capacity likely to be in the range of 30 to 45 Gigawatt hours.Separate within Ford and unique among automakers, Ford Pro is a major result of the Ford+ plan for growth and value creation based on enduring, always-on customer relationships. The company anticipates its growing capabilities and appeal to generate $45 billion in revenue from hardware and adjacent and new services by 2025 – up from $27 billion in 2019.In Europe, Ford’s commercial vehicle business goes from strength to strength. In 2021, Ford was Europe’s top-selling commercial vehicle brand for the seventh successive year, and best-selling brand in nine markets, including the United Kingdom where the Ford Transit Custom was ranked No.1 in the sales charts ahead of any other passenger or commercial vehicle. In the next few months, Ford will start customer deliveries across Europe of its first all-electric commercial vehicle, the E-Transit.