Chinese Giant Battery Manufacturer Ganfeng to Invest 500 Million Dollars in Turkey
Chinese Giant Battery Manufacturer Ganfeng to Invest 500 Million Dollars in Turkey
Chinese battery manufacturer Ganfeng announced that it will invest 500 million dollars in Turkey in cooperation with Yiğit Akü.
Chinese giant companies operating in the electric vehicle industry have added a new one to their investments in Turkey. With a value of 26 billion dollars, battery manufacturer Ganfeng announced that it will invest 500 million dollars in Turkey in cooperation with Yiğit Akü. Details are in the news.
Ganfeng will establish its new giant production facility in Turkey!
The agreement between the Chinese company and Yiğit Battery was announced by both companies a short while ago. In the statement of the Chinese company, it was stated that a factory with a very large production volume will be established in Turkey and 5GWh lithium batteries will be produced annually in the production facility. Yiğit Akü, which made a PDP announcement on the subject, stated that the purpose of the agreement is to increase Turkey’s export capacity to the European market.
In the statement made by Yiğit Akü to PDP on the subject, information was also given about the costs of the new production facility to be built within the scope of the agreement. “As a result of the feasibility study, it is estimated that the production facility will consist of an R&D center, technical training center, access control and material testing center, battery testing center, warehouses and office buildings, and will have a closed area of 132,200 square meters, total equipment investment will be approximately USD 202,140,000, and the number of personnel will be approximately 400.”
The announcement made by the company to KAP is as follows:
Following the negotiations carried out in line with the principle of mutual benefit and long-term development strategy, Yiğit Akü A.Ş. and Ganfeng LiEnergy signed a Strategic Cooperation Framework Agreement on the following subjects in order to expand the global market areas and shares of the companies, jointly promote international trade and increase the impact in the international market, especially in the fields of lithium ion battery cells, battery modules, battery packs, energy storage systems, battery management systems, energy management systems, recycling of lithium ion batteries.
