Farasis and Turkish car manufacturer TOGG join forces

Farasis and Turkish car manufacturer TOGG join forces-manufacturer

The Chinese supplier Farasis Energy, one of the leading suppliers of innovative lithium-ion batteries, and the Turkish automobile manufacturer TOGG have set up a joint venture to develop and produce energy storage solutions for e-mobility and other applications. Both parties have a 50 percent stake in the SIRO joint venture.

It is planned that SIRO will develop and also produce batteries, which will be used in the entire TOGG product range, among other things. However, SIRO also offers energy storage solutions for other automobile manufacturers and for applications beyond electric cars and commercial vehicles. A corresponding declaration of intent was already signed in October 2020. dr. Yu Wang, Co-Founder and CEO of Farasis Energy, said: “We are proud to be part of this initiative and e-mobility offensive that we are driving and shaping together. For Farasis Energy, the founding of the joint venture is another important milestone in the development and expansion of an international and European strategic network.”

SIRO’s headquarters are in Bilisim Vadisi near Gebze, the Turkish “IT Valley” in north-western Turkey. Series production is to take place in Gemlik, around half an hour’s drive from Bilisim Vadisi. A new battery plant is currently being built there in parallel with TOGG’s production ramp-up, which will go into operation in the second half of 2022. In the first step, battery modules and packs are assembled and manufactured there. The battery cells required for this will initially be supplied by Farasis Energy from China. In a subsequent expansion step, it is planned to produce the battery cells on site.

“The Turkish market for lithium-ion based energy storage solutions will experience significant growth in the coming years. Therefore, we are pleased that the collaboration between TOGG and Farasis Energy, which started with the supply of batteries, is now evolving into a long-term partnership. The joint venture with TOGG is the logical continuation of our strategy: to develop and produce high-performance pouch cells that set the highest standards worldwide – now also in Turkey.-Dr. Stefan Bergold, Head of Business Development EU & US at Farasis Energy

In addition to the SIRO battery factory, a research and development center is also being set up in Bilisim Vadisi near Gebze. There, lithium-ion NMC batteries are to be developed based on Farasis Energy’s innovative technology. In the medium term, the joint venture will also offer battery energy storage solutions that go beyond the automotive sector. “Our goal is not only to produce batteries for e-vehicles in Turkey with SIRO, but also to expand the research and development competencies of batteries in our country,” said Gurcan KarakaƟ, CEO of TOGG, in the press release.

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2 thoughts on “Farasis and Turkish car manufacturer TOGG join forces”

  1. I actually find that interesting..

    A new battery plant is currently being built there in parallel with the production ramp-up of TOGG..

    is there already more info when the car is sold or how far the progress is there?

    I find it visually very appealing

    and I would be really happy for the Turks if they could do more than just nuts or olives

    it remains exciting

    Reply

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