Turkish EV manufacturer Togg and high-performance lithium-ion battery manufacturer Farasis Energy have officially laid the foundation stone of their joint battery cell factory, Siro, in Gemlik, Turkey. 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.
Siro officially started the series production of battery modules and packs at the end of March, and the facility, which will be built on an area of 60 hectares, is scheduled to go into operation in 2026. The plan is to reach a capacity of 20 GWh per year by 2031.
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.
“This investment underlines Farasis’ global growth and places emphasis on the importance to switch to a fossil free form of transportation,” said Dr. Keith Kepler, Vice Chairman of Siro and Co-founder of Farasis. “We are proud to be part of this joint venture, which will be shaping the future of mobility.”
“Siro will ensure the storage of renewable energy, accelerate electrification of vehicles, and thus make significant contributions to the reduction of CO2 emissions,” said Dr. Stefan Bergold, Member of the Board of Siro and General Manager at Farasis Energy Europe. “Businesses and governments need to collaborate closely on mobility issues to achieve set climate goals.”