News Center

The first electric vehicle battery R&D and production park in Türkiye laid the foundation

According to the official account of Türkiye Embassy in China and local media reports in May, the foundation laying ceremony of Siro battery R&D and production park in Bursa was held, and President Erdogan of Türkiye attended and delivered a speech.

Siro is a battery joint venture established in 2021 by Togg, a local electric vehicle manufacturer, and Farasis Energy, a Chinese battery manufacturer, with each contributing 50% of the investment. It aims to mass produce battery modules for Togg and is committed to building Togg into a European charging and battery technology and electric vehicle production base. In the future, Togg will also rapidly promote the construction of charging stations. It is expected that Siro will contribute over 10 billion euros to national income within 10 years, drive a reduction of 30 billion euros in the current account deficit, and provide 7000 job opportunities.

Erdogan announced at the groundbreaking ceremony that the Siro Battery R&D and Production Park will cover an area of 607000 square meters, adjacent to Togg's production base in Gamlik, and is expected to start production in 2024. By 2026, the park will become a comprehensive center for producing high nickel battery modules and packaging (including battery cells), producing the latest generation of batteries with high energy density. This investment will make Tu a strong participant in the field of battery technology. It is expected that by 2031, Siro's annual production capacity will reach 20GWh and it will own the intellectual property rights for all products and solutions it develops. In addition to Türkiye, Siro will also provide fixed energy storage services for industrial applications, offshore ships and renewable energy for surrounding countries.

Ai listed the outstanding achievements of Turkey in various fields such as aerospace, medical, automotive, and national defense, and pointed out that the launch of the first domestically produced electric vehicle Togg is an important step taken by Turkey in its transformation. Togg is a symbol of Turkey's technological progress, economic development, and global reputation. With domestic cars on the road, Tu has cars and brands that can compete with the best cars in the world. Egypt emphasized that international investors have invested over 250 billion US dollars in Turkey so far, and Turkey will continue to increase efforts to attract foreign investment.