Türkiye Develops New Car Battery Plant

He claimed that this investment would boost GDP by 33 billion dollars in ten years and create 7,000 jobs. "We demonstrated our support by offering 30 billion liras (1.55 billion USD) in fixed investment," he continued, "and we will continue to support anyone who contributes to the Turkish economy, whether foreign or domestic." The SIRO facility will be right next to the Togg Technology Campus, where it has already begun producing batteries for Turkey's first electric vehicles. Togg, which was founded in 2018 and is supported by the government, is regarded by Erdogan as a prestige project that will reduce Turkey's reliance on foreign automakers.

Farasis Energy has two production facilities in China, in the provinces of Ganzhou and Zhenjiang.