Farasis Energy seals joint venture with TOGG

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Frickenhausen close to Stuttgart, 30.11.2021 – Farasis Vitality, one of many main suppliers of revolutionary lithium-ion-based batteries, and the worldwide UseCase Mobility™️ supplier TOGG have sealed a three way partnership to develop and produce power storage options for e-mobility and past. Each events have a 50 per cent stake within the SIRO three way partnership.
Farasis Vitality and TOGG have sealed their three way partnership known as SIRO, by which every social gathering has a 50 % share. SIRO develops and manufactures batteries which are used, amongst different issues, in TOGG’s whole product vary. However SIRO additionally provides power storage options for different automotive producers and for functions past electrical automobiles and industrial autos. Farasis Vitality and TOGG had already signed a Letter of Intent in October 2020 to work out the main points of a strategic collaboration. “The three way partnership between Farasis Vitality and TOGG marks the daybreak of a brand new period within the electrification of Turkey,” says Dr Yu Wang, co-founder and CEO of Farasis Vitality. “We’re proud to be a part of this initiative and e-mobility offensive that we’re driving and shaping collectively. For Farasis Vitality, the institution of the three way partnership is one other necessary milestone within the growth and enlargement of a world and European strategic community.”
SIRO’s headquarters are in Bilisim Vadisi close to Gebze, the Turkish “IT Valley” within the northwest of Turkey. Serial manufacturing will happen in Gemlik, about half an hour’s drive from Bilisim Vadisi. There, parallel to the manufacturing ramp-up of TOGG, a brand new battery plant is at the moment being constructed. Manufacturing will begin within the second half of 2022. In step one, battery modules and packs can be assembled and manufactured there. The battery cells required for it will initially be equipped by Farasis Vitality. Within the subsequent step, it’s deliberate to additionally produce the battery cells in Gemlik, Turkey.
Growth and manufacturing from a single supply
Along with SIRO’s manufacturing facility, a analysis and growth centre is being established in Bilisim Vadisi close to Gebze. Lithium-ion NMC batteries based mostly on Farasis Vitality’s revolutionary know-how are to be developed there. The three way partnership may even provide battery power storage options past the automotive sector within the medium time period. “We’re envisioning to turn out to be a worldwide USE-CASE MOBILITY™️ supplier. We can be offering Consumer-centric, Sensible, Emphatic, Linked, Autonomous, Shared and Electrified mobility gadgets and are constructing a mobility ecosystem round them. Battery know-how is a vital a part of what we aspire to do. And our purpose with SIRO is to transcend producing electrical car batteries in Turkey and likewise enhance battery R&D competencies in our nation”, explains Gürcan Karakaş, CEO of TOGG. Dr. Stefan Bergold, Head of Enterprise Growth EU & US of Farasis Vitality Europe, is satisfied: “The Turkish marketplace for lithium-ion based mostly power storage options will expertise important progress within the coming years. Subsequently, we’re happy that the cooperation between TOGG and Farasis Vitality, which began with the provision of batteries, is now growing right into a long-term partnership. The three way partnership with TOGG is the logical continuation of our technique: to develop and produce high-performance pouch cells that set the very best requirements worldwide – now additionally in Turkey.”
About Farasis Vitality
Farasis Vitality is a developer and producer of high-performance lithium-ion battery know-how and pouch cells for electromobility and different energy storage functions. Based in California in 2002, the corporate at the moment operates analysis and growth facilities in China, Germany and america. There are at the moment two manufacturing amenities in Ganzhou and Zhenjiang (China) with a present whole capability of 21 GWh/a. A 3rd manufacturing facility with a focused capability of 24 GWh/a is at current being inbuilt Wuhu (China). A fourth manufacturing web site is below building as a three way partnership with TOGG in Gemlik, Turkey. Along with TOGG, Farasis Vitality’s main strategic companions embrace corporations comparable to Daimler and Geely.
About TOGG
TOGG is a worldwide USE-CASE MOBILITY™️ supplier whose mental property rights are owned by Turkey and can compete on a worldwide scale. Based on June 25, 2018, TOGG continues its actions with the cooperation of Anadolu Group, BMC, Turkcell, Zorlu and the Union of Chambers and Commodity Exchanges of Turkey.
TOGG, which would be the first non-classical born electrical SUV producer in Europe by 2022, when it’ll begin manufacturing in its amenities in Gemlik. TOGG develops new technology electrical and related automobiles and creates a mobility ecosystem round these automobiles. The corporate develops new applied sciences, providers, consumer experiences and new enterprise fashions throughout the ecosystem it has constructed round sensible and related automobiles.
TOGG goals to achieve 1 million manufacturing items by producing 5 totally different electrical and related fashions on a standard platform by 2030.
Press contact
Pressestelle Farasis Vitality Europe
Maren Henke
+ 49 7022 / 789 4411
press@farasis.com



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