Farasis Energy and Togg: Joint venture Siro laid the foundation stone of the cell factory
Frickenhausen near Stuttgart, April 26, 2023 – The foundation stone ceremony for Siro’s cell factory took place on April 24th in Gemlik, Turkey. Siro, a joint venture between Farasis Energy, a leading developer and manufacturer of high-performance lithium-ion battery technology, and Turkish global mobility technology brand Togg, aims for a production capacity of 20 GWh/a.
Siro started mass production of modules and packs on March 31st and already achieved another major milestone: The joint venture between Farasis Energy and Togg, which was established in 2021 to develop innovative energy storage solutions for the automotive and non-automotive industry, has laid the foundation stone of its cell factory in Gemlik, Turkey, on April 24th. The groundbreaking ceremony was attended by prominent decision makers from industry and politics, including Turkish President Recep Tayyip Erdoğan, members of the Presidential Cabinet, Togg, Farasis Energy and Siro Board of Directors.
Dr. Keith Kepler, Vice Chairman of Siro and Co-founder of Farasis said: “This investment underlines Farasis’ global growth and places emphasis on the importance to switch to a fossil free form of transportation. We are proud to be part of this joint venture, which will be shaping the future of mobility.”
Dr. Stefan Bergold, Member of the Board of Siro and General Manager at Farasis Energy Europe, adds: “Siro will ensure the storage of renewable energy, accelerate electrification of vehicles, and thus make significant contributions to the reduction of CO2 emissions. Businesses and governments need to collaborate closely on mobility issues to achieve set climate goals.”
Planned cell production by 2026
An Environmental Impact Assessment report, zoning plan approvals and construction license were obtained for the facility which will be built on 60 hectares of land. Mass production of cells will commence in 2026. Production capacity is scheduled to reach 20 GWh/a by 2031 and can be increased even further. In addition to the cell production, a state-of-the-art cell lab will be built by the end of 2023. Siro will then develop and manufacture its own innovative battery cells, based on Farasis Energy’s latest technology.
At the ceremony Gürcan Karakaş, Chairman of Siro and CEO at Togg said: “Siro believes that we need to come together for a clean future. This can only be accomplished with an ecosystem approach. Siro heads to pioneer in establishing an ESG-proof (Environmental, Social and Governance), thus carbon-free, regional battery ecosystem. This approach is a natural extension of Siro’s strategy of developing and producing high-performance, state-of-the-art lithium-ion cells in Turkey.”
About Farasis Energy
Farasis Energy is a leading developer and manufacturer of high-performance lithium-ion battery technology and pouch cells for electric mobility and other sustainable power storage solutions. Founded in 2002 by Dr. Keith Kepler and Dr. Yu Wang in California, the company now operates research and development centers in China, Germany, and the United States. There are currently two production facilities in Ganzhou and Zhenjiang (China), with further production facilities being built by 2025, thereby increasing total planned capacity to 170 GWh/a. A new battery plant is also being built in Gemlik (Turkey) with the establishment of the Siro joint venture between Turkish electric car manufacturer Togg and Farasis Energy. With more than twenty years of experience in research and development and with over 150 patents, Farasis Energy is shaping the future of electric mobility as a pioneer. In addition to Togg, its major strategic partners also include companies such as Mercedes-Benz and Geely.
For further information please visit www.farasis-energy.com.
Founded in 2018, Togg is a Turkish-based USE CASE Mobility® brand with office located in Gebze, Turkey. Together with its sub-brands Trugo and Trumore, Togg develops new technologies, services, user experiences, and business models to form an ecosystem around smart and connected mobility. Togg is supported by Anadolu Grubu Holding A.Ş., BMC Otomotiv Sanayi ve Ticaret A.Ş., Turkcell İletişim Hizmetleri A.Ş., Zorlu Holding A.Ş. and the Union of Chambers and Commodity Exchanges of Turkey. Togg’s first European model is the T10X ‘smart device’, a C-SUV that will launch in major European markets in Q4 2024. A C-segment sedan and a crossover coupé will be next to join the production line. With a focus on sophisticated driving experiences, Togg plans to produce a five-model range and have a total of 1 million vehicles on the road across Europe by 2030.