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Automaker positioning to compete with Tesla for EV market share.
Mar. 16, 2022—Ford announced it will partner with Turkish conglomerate Koç Holding to place a battery factory in Turkey, Daily Sabah reports.
The decision comes a week after Ford split its businesses into two divisions to serve gas-powered and electric vehicle markets.
Ford aims to make all its vehicles electronic by 2035 in a move to better compete with electric car pioneer Tesla.