TOGG partners with Farasis for li-ion battery production in Turkey

TOGG partners with Farasis for li-ion battery production in Turkey

Turkey's Automobile Joint Venture Group (TOGG), which is producing the country’s first fully indigenous electric car, signed a letter of intent with leading lithium-ion (li-ion) battery producing company Farasis Energy for the production and use of battery cells in the full range of TOGG products, the company said in a press release, Trend reports citing Daily Sabah.

According to the agreement, battery cells will be provided by Farasis and the battery modules and packs will be jointly developed and produced in Turkey.

The agreement was signed between the board chairpersons of both companies in Bilişim Vadisi (Informatics Valley) in the northwestern Kocaeli province of Turkey.

TOGG CEO Gürcan Karakaş, commenting on the cooperation, said that the agreement was signed as a result of a large-scale evaluation process initiated in 2018 during which more than 30 global battery suppliers have been evaluated, within the framework of confidentiality agreements (NDAs), including possible domestic collaborations.

“Among them, the company that best met our technical, commercial and strategic criteria and one of the world’s leading li-Ion battery manufacturers, Farasis, has been chosen as our business partner,” he said.

Karakaş noted that it is important to produce this technology, which is considered one of the most important and fundamental technologies for electric vehicles today, within the country with an important player in the sector.

“TOGG's mobility ecosystem will become an important regional player that develops technology and creates serious economic value,” he added.

Li-ion batteries are a fundamental component of an electric car.

In addition to supplying batteries, the two companies will also expand their cooperation through a joint venture company, which is set to combine Farasis technology with the country’s automotive industry leaders, to provide battery energy storage solutions for Turkey and the surrounding region.

Rifat Hisarcıklıoğlu, chairperson of the Union of Chambers and Commodity Exchanges of Turkey (TOBB) – the umbrella organization for the TOGG, said in a statement following the signing ceremony that the joint venture established with Farasis “will be an initiative to increase the efficiency of our country's energy system, reduce our country's dependence on foreign energy, and accelerate our development of a clean and efficient energy system.”

“This cooperation will go beyond producing electric vehicle batteries in Turkey and also improve battery R&D competencies in our country, trigger automotive manufacturers to bring their electric vehicle projects to our country and enhance the energy storage business with nonautomotive energy storage products in Farasis' product portfolio,” the TOGG chairperson also said.

He pointed out that the joint venture will form a basis of very important economic value as a representative of the energy company in the region, adding that the TOGG alone will lead the technological transformation in Turkey while contributing to the country's zero-emission future.

'TOGG pioneering initiative'

Farasis co-founder and CEO Yu Wang, who attended the signing ceremony online due to the COVID-19 pandemic, said Turkey is one of the most important automotive markets in the region.

“Partnering with the TOGG as they prepare to manufacture electric vehicles, building on the advanced and accumulated automotive know-how in Turkey, is a natural step we have taken in line with our basic strategies,” he said, noting that they “value Turkey as the next big market for electrification and thus an ideal location along with the TOGG as a greatly innovative partner doing the right work, at the right time, in the right place, to support the ambitious growth plans of our company.”

“We have signed this letter of intent to meet the demands both in Turkey and in the region. We are excited that this cooperation, which started with the supply of batteries, will turn into a long-term partnership,” Wang added.

The energy company’s head of European organization and business, Sebastian Wolf, who had personally taken part in the signing ceremony, noted that from the very beginning of the cooperation talks with the TOGG, they felt that both companies share the same goal of electrifying the future of individual mobility.

“We expect the Turkish automotive and nonautomotive market to face substantial growth in demand for li-ion batteries,” he said, expressing excitement over partnering with the Turkish automotive joint venture.

The agreement foresees a comprehensive business plan for cooperation between the two countries by 2020 end, while the official establishment of the joint venture company is set for the beginning of 2021.

In June 2018, five industrial giants – Anadolu Group, BMC, Kök Group, Turkcell and Zorlu Holding – joined hands with the umbrella organization TOBB to create the TOGG to realize Turkey’s long-term aim of producing a fully Turkish-made automobile, unveiling prototypes on Dec. 27.

Kazakhstan to bring waste processing level to average European level
Kazakhstan to bring waste processing level to average European level
Kazakhstan's export volumes to China surge despite COVID-19
Kazakhstan's export volumes to China surge despite COVID-19
Rural digitalization project successfully underway in Kazakhstan
Rural digitalization project successfully underway in Kazakhstan
Loading Bars
Latest
Aghdam district of Azerbaijan after 27 years of Armenian occupation (VIDEO)
Kazakhstan to bring waste processing level to average European level
UK appoints minister in charge of COVID-19 vaccine rollout
Number of blocked malware in AzStateNet network drops
Airport in Uzbekistan to buy auto parts via tender
Iranian Energy Exchange announces products to be on sale November 29
Azerbaijani team takes third place in group exercises at 36th European Rhythmic Gymnastics Championships
At least 6 killed in Somali capital suicide bombing
Microsoft Azerbaijan to support all initiatives in liberated territories of Azerbaijan
Azerbaijan shows footage of Kalbajar's Vang village (VIDEO)
Police fire tear gas at Paris protest against police violence
Electricity imports growing in Georgia
Cargo, passenger traffic via Turkish Sabiha Gokcen Airport slumps amid pandemic
Uzbek-Korean JSC Uz-Dong Won Co. announces tender for steel pipes supply
Cargo transportation at Turkish Antalya airport reduces
Austria records nearly 1,000 COVID-19 deaths over past 10 days
State Employment Agency of Azerbaijan opens tender on supporting start-up projects
Results of Azerbaijan's junior national team performance at 36th European Rhythmic Gymnastics Championships announced
Details of Iran’s exports to Iraq declared
Azerbaijan reports 4,212 new COVID-19 cases, 1,760 recoveries
Four citizens dead as result of mine exploding in Fuzuli - Azerbaijani Prosecutor General's Office
Kazakhstan's export volumes to China surge despite COVID-19
Assistant to Azerbaijan's president, diplomats, Garabagh FC representatives visit Aghdam Mosque (PHOTO)
Turkmenistan committed to promoting socio-economic development of Afghanistan
Georgian oil companies seek to avoid price increases
Tender for maintenance of elevators, escalators launched in Turkey
Azerbaijan's ten-month output of oil products declines
Turkey's export of grain and legumes to Turkmenistan up
Turkmenistan, Belarus discuss program of cooperation
Iran reveals its COVID-19 data for November 28
Azerbaijani president's assistant, diplomatic corps reps arrive at liberated Aghdam city
Rural digitalization project successfully underway in Kazakhstan
Missile fired to Tartar by Armenia delivered to local museum - president's assistant (VIDEO)
Number of enterprises put into operation in Iran's Ardabil Province up
Water problems center to be created in Uzbekistan’s Khorezm region
Khazar Consortium opens tender for purchase of lubricating oil
Azerbaijan’s Baku Telephone Communications opens tender
Georgia sees increase in COVID-19 cases
Number of shells fired at Tartar district by Armenian Armed Forces revealed
German minister says partial lockdown could last until Spring 2021
Kazakhstan doubles export to Afghanistan
Price of apartments in Iran’s Tehran rising
Autumn grain sowing carried out on large area of land in Azerbaijan
Azerbaijan’s Baku Metro to buy inert materials through tender
Weekly review of Azerbaijani currency market
Azerbaijani president's assistant, diplomatic missions visiting Tartar (PHOTO)
Turkish soldiers to soon begin their missions in Azerbaijan - Turkey’s VP
Georgian Basisbank launches service for purchase of government securities
Azerbaijan shows footage of Kalbajar's Istisu village (VIDEO)
Uzbekistan reveals its COVID-19 data for November 28
Turkey issues 10M2020 data on cargo, passenger traffic in Adnan Menderes Airport
Assistant to Azerbaijani president, Karabakh football club to visit Tartar, Aghdam cities
Azerbaijani oil prices reaching $49 per barrel
Tesla could widen release of 'self-driving' software in two weeks
Iranian currency rates for November 28
Kazakhstan’s Intergas Central Asia opens tender for equipment modernization
Turkish municipality to rent vehicles via tender
Turkmenistan, EU discuss prospects for developing bilateral contacts
Iran seeks to cooperate in auto sector with foreign countries
Azerbaijani flag raised in liberated Kalbajar city after 27 years (VIDEO)
OPEC+ likely to roll over its current production cut at least until end-March 2021
Brazil's COVID-19 death toll nears 172,000
826 new coronavirus cases in 24 hrs, total at 130,039
Georgian Poti FIZ plans to implement production of high-tech electrical devices in 2021
Chinese mainland reports 6 new imported COVID-19 cases
British, Irish prime ministers discuss EU trade negotiations
Kazakhstan increases exports to Georgia multifold despite COVID-19
France reports 957 new COVID-19 deaths, hospitalizations down
76 more coronavirus patients die in Moscow in past day
OPEC+ monitoring committee postpones meeting on oil production cuts deal in 2021 to Sunday
Brexit goes down to the wire: EU and UK say big differences remain
Iran expected to reduce potato production
Azerbaijan national team won silver and bronze medals at 36th European Championship in Ukraine
Diesel fuel production down in Azerbaijan
Кazakhstan Electricity Grid Operating Company opens tender to buy batteries
Export of grain and legumes by Turkey to Iran down
Turkey registers nearly 30,000 new coronavirus cases as recoveries surpass 390,000
Kazakhstan has high hopes for homegrown COVID-19 vaccine - Minister
Georgia expect stabilization of pandemic with the expansion of restrictions
Iraq reports 2,545 new COVID-19 cases, 547,215 in total
Resolution adopted by French Senate is gross violation of int'l law - Honorary Member of French Parliament
Erdoğan urges public caution against COVID-19 in Turkey amid violations
76 Iranian professors among world top 2% scientists
Monetary policy in Georgia remains tightest among CIS - Renaissance Capital
Representatives of Kyrgyzstan take part in XVIII meeting of CSTO ICMEC
Britain records 16,022 new coronavirus cases, 521 new deaths
Azerbaijani gymnasts reach finals of 36th European Championship in Rhythmic Gymnastics in Ukraine
Turkish political parties condemn French Senate’s resolution on Karabakh
World Maritime University, Georgia aim to develop maritime education, capacity-building activities
Georgia makes giant strides in transposition of energy efficiency acquis
Cash receipts from Azerbaijan to Georgia increases
Number of debit cards in Azerbaijan increases
Uzbekistan increases raisins export to Netherlands
Georgia to subsidize wheat flour price
IAEA to implement multiple projects in Georgia
Uzbekistan, Hungary consider establishing Uzbek-Hungarian Business Council
Uzbekistan confirms repayment schedules on ADB loan for solid waste cleaning
Percentage of problem loans in Azerbaijan down
Eni Turkmenistan Ltd opens tender for vehicles provision
Tree-planting campaign continues in Azerbaijan's Gubadli (PHOTO)
All news