[ad_1]
Turkey’s Automobile Enterprise Group (TOGG) developing the world’s leading Li electric vehicle battery for one of the most critical components of the product line – ion battery manufacturers. Pharasis‘chosen as a business partner.
by TOGG and Farasis, the IT Valley Board members at TOGG also made after a signed full letter of intent with participation in a joint written statement, in addition to the Turkish production of the battery module and the jointly developed package with Farasis, an energy storage solutions joint venture for Turkey and neighboring countries. It was reported that it was also carefully evaluated that it would choose a strategic alliance to present the company under its roof.
MODULE AND BATTERY PACK TO BE MADE IN TURKEY
Under the agreement, the statement went on to be produced in Turkey by tOGGer battery modules and packs, the two companies, within the framework of a comprehensive letter of intent signed in addition to supplying battery cells, a joint venture of energy storage solutions for Turkey. and the surrounding countries, the company expressed itself to expand its cooperation by offering under the roof.
In the statement, “In accordance with the letter of intent of the joint venture, which includes the general principles of the strategic partnership signed in the TOGG management center in the Valley of Informatics, the comprehensive business plan of the joint venture It will be prepared until the end of 2020 and the legal basis of the partnership will be detailed during this period.Their goal is to legally establish a joint venture in early 2021, after final appraisal approvals from the boards of directors.
TOGG Y Pharasis The establishment of the target joint venture in which the parties’ business plan came nativism one of the most specified matters that matter, the business plan within the battery cell also detailed a way to assess development problems and production in Turkey, especially large on both sides in the long-term competition will develop in cell chemistry It was noted that it would contribute.
“TOGG’S MOBILITY ECOSYSTEM WILL BE A MAJOR REGIONAL PLAYER”
In the statement, TOGG President Rifat Hisarcıklıoğlu, whose speech was delivered after the signing ceremony, said: “The joint venture to be established with Farasis will also be an initiative to increase the efficiency of our country’s energy system, reduce our country’s external energy dependence and accelerate our development of a clean and efficient energy system. Therefore, TOGG’s mobility ecosystem will become an important regional player developing technology and creating significant economic value. ” used expressions.
“THIS COLLABORATION WILL GO BEYOND THE PRODUCTION OF BATTERIES FOR ELECTRIC VEHICLES”
TOGG Senior Manager (CEO) Gürcan Karakaş, for his part, has evaluated more than 30 global battery suppliers, including possible national collaborations, within the framework of confidentiality agreements (NDA), of which, among them, the world that better meets our technical, commercial and strategic criteria. Farasis Battery, one of the leading lithium ion battery manufacturers, has been chosen as our business partner. found the evaluation.
Karakaş noted:
It is very important that Li-Ion battery technology, which today is considered one of the most important and basic technologies for electric vehicles, reaches our country with an important player such as Farasis. We have been expressing from the beginning that TOGG will also unleash technological transformation in our country while developing zero-emission electric vehicles. The union will go beyond the production of batteries for electric vehicles, our country will develop the competences of R&D of batteries, the project of electric vehicles of the car manufacturers will trigger the transit to Turkey, with Farasis the portfolio of storage products of available non-automotive energy will increase the storage business and the joint venture of the brand will self-develop will generate a new very important economic value as the exclusive representative of Farasis in the region for which it is responsible. ”
“WE ARE A VERY EXCITING PARTNERSHIP WITH TOGG”
The Farasis who participated in the online letter of intent signing ceremony, Dr. Wang’s founder and CEO, said one of the most important automotive countries in Turkey.
Dr. and Wang, “to develop electric vehicles using advanced automotive accumulation in Turkey and produce to make our way to cooperation with TOGG to become one of the natural steps that we have taken our basic strategy of our line. TOGG at the right time , in the right place, doing the right job, a pioneer in batteries To support our company’s ambitious growth plans, we are electrifying for the next big market that we see as a more ideal Turkey location, we would not think of a more ideal partner than tOGGer. Both the need will arise in Turkey’s letter of intent for the signing in order to meet future demand from the region, as well as We are excited that this collaboration, which started with the supply of batteries, will become a long-term partnership “. found the evaluation.
Informática personally attended the signing ceremony in the Valley and the collaboration that has been carried out since the beginning of the study Farasis European Organization Manager Sebastian Wolf “from the beginning of the negotiations with TOGG on both companies in the future of the electrification of individual mobility We saw the same illusion he shared.Both in Turkey and automotive alike We expect a significant increase in demand for lithium-ion batteries in the non-automotive market, so we are excited to partner with TOGG to establish the first vehicle battery manufacturing company electricity in the region. ”He used the expressions.
FOUNDED IN THE UNITED STATES IN 2002
On the other hand, Farasis Energy Inc., the predecessor of Farasis Energy (Ganzhou) Ltd., was founded in the United States in 2002, according to the statement. It spread through China and Europe with lithium-ion batteries, pioneers in energy density. It offered a broad portfolio of battery solutions in different markets and generated global clients.
With 3 global R&D centers and more than 4000 employees, the company is currently one of the largest bag cell manufacturers for the BEV (Battery Powered Electric Vehicle) and Farasis market, which can offer a comprehensive storage solution of energy for development, production and end-of-life of batteries. It stands out as one of the first battery cell manufacturers to establish a 100% CO2 neutral factory in Europe.
The important steps that Farasis has taken since its inception are as follows:
“It was founded in 2002 by Dr. Yu Wang and Dr. Keith Kepler to develop NMC, the most widely used battery chemistry in the world. In 2009, Farasis Energy established itself in China, the largest electric vehicle market. introduced in Europe electric motorcycles, auxiliary power units, forklifts and special vehicles, and in 2015 started working with BAIC, one of the leading original equipment manufacturers in China.
In 2018-2019, it started programs on a range of battery solutions for electric vehicles with major Chinese car manufacturers and Daimler (Mercedes-Benz) on electric vehicles. In 2020, a company valuation of more than $ 5 billion was achieved under the initial public offering (IPO), and Daimler became a strategic partner of Farasis with a 3 percent stake. ”
