news aktuell GmbHnews aktuell GmbH

Farasis Energy Europe GmbH: Farasis Energy seals joint venture with TOGG


Farasis Energy, one of the leading suppliers of innovative lithium-ion-based batteries, and the global UseCase Mobility™️ provider TOGG have sealed a joint venture to develop and produce energy storage solutions for e-mobility and beyond. Both parties have a 50 per cent stake in the SIRO joint venture.

(Frickenhausen near Stuttgart): – Farasis Energy and TOGG have sealed their joint venture called SIRO, in which each party has a 50 percent share. SIRO develops and manufactures batteries that are used, among other things, in TOGG's entire product range. But SIRO also offers energy storage solutions for other car manufacturers and for applications beyond electric cars and commercial vehicles. Farasis Energy and TOGG had already signed a Letter of Intent in October 2020 to work out the details of a strategic collaboration. "The joint venture between Farasis Energy and TOGG marks the dawn of a new era in the electrification of Turkey," says Dr Yu Wang, co-founder and CEO of Farasis Energy. "We are proud to be part of this initiative and e-mobility offensive that we are driving and shaping together. For Farasis Energy, the establishment of the joint venture is another important milestone in the development and expansion of an international and European strategic network."

SIRO's headquarters are in Bilisim Vadisi near Gebze, the Turkish "IT Valley" in the northwest of Turkey. Serial production will take place in Gemlik, about half an hour's drive from Bilisim Vadisi. There, parallel to the production ramp-up of TOGG, a new battery plant is currently being built. Production will start in the second half of 2022. In the first step, battery modules and packs will be assembled and manufactured there. The battery cells required for this will initially be supplied by Farasis Energy. In the next step, it is planned to also produce the battery cells in Gemlik, Turkey.  

Development and production from a single source

In addition to SIRO's production facility, a research and development centre is being established in Bilisim Vadisi near Gebze. Lithium-ion NMC batteries based on Farasis Energy's innovative technology are to be developed there. The joint venture will also offer battery energy storage solutions beyond the automotive sector in the medium term. "We are envisioning to become a global USE-CASE MOBILITY™️ provider. We will be providing User-centric, Smart, Emphatic, Connected, Autonomous, Shared and Electrified mobility devices and are building a mobility ecosystem around them. Battery technology is a crucial part of what we aspire to do. And our goal with SIRO is to go beyond producing electric vehicle batteries in Turkey and also improve battery R&D competencies in our country", explains Gürcan Karakaş, CEO of TOGG. Dr. Stefan Bergold, Head of Business Development EU & US of Farasis Energy Europe, is convinced: "The Turkish market for lithium-ion based energy storage solutions will experience significant growth in the coming years. Therefore, we are pleased that the cooperation between TOGG and Farasis Energy, which started with the supply of batteries, is now developing into a long-term partnership. The joint venture with TOGG is the logical continuation of our strategy: to develop and produce high-performance pouch cells that set the highest standards worldwide – now also in Turkey." 

About Farasis Energy
Farasis Energy is a developer and producer of high-performance lithium-ion battery technology and pouch cells for electromobility and other power storage applications. Founded in California in 2002, the company currently operates research and development centers in China, Germany and the United States. There are currently two production facilities in Ganzhou and Zhenjiang (China) with a current total capacity of 21 GWh/a. A third production facility with a targeted capacity of 24 GWh/a is at present being built in Wuhu (China). A fourth production site is under construction as a joint venture with TOGG in Gemlik, Turkey. In addition to TOGG, Farasis Energy's major strategic partners include companies such as Daimler and Geely.

About TOGG
TOGG is a global USE-CASE MOBILITY™️ provider whose intellectual property rights are owned by Turkey and will compete on a global scale. Founded on June 25, 2018, TOGG continues its activities with the cooperation of Anadolu Group, BMC, Turkcell, Zorlu and the Union of Chambers and Commodity Exchanges of Turkey.

TOGG, which will be the first non-classical born electric SUV manufacturer in Europe by 2022, when it will start production in its facilities in Gemlik.TOGG develops new generation electric and connected cars and creates a mobility ecosystem around these cars. The company develops new technologies, services, user experiences and new business models within the ecosystem it has built around smart and connected cars. 

TOGG aims to reach 1 million production units by producing 5 different electric and connected models on a common platform by 2030.


About news aktuell GmbH

news aktuell GmbH
news aktuell GmbH
Mittelweg 144
20148 Hamburg

+49 (0)40 4113-32589

As wholly owned subsidiary of dpa, news aktuell provides business and organizations with effective access to media and consumers. Via the smart tools ots and zimpel, PR content accesses all media formats, including classical print, high click-rate online portals and social networks. In addition, news aktuell publishes all its customers’ PR content on, one of the PR portals with the greatest reach in Germany. By this means, all the relevant multipliers are reached globally, from editors, via digital influencers right up to specialist bloggers and interested consumers. news aktuell has been on the market since 1989. The company, with a staff complement of more than 135, has its headquarters in Hamburg. Other offices are in Berlin, Dusseldorf, Frankfurt und Munich.

Subscribe to releases from news aktuell GmbH

Subscribe to all the latest releases from news aktuell GmbH by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from news aktuell GmbH

Animals' Angels: An ordeal that ends on a plate in a tourist resort: Live transports of calves to the Canary Islands10.8.2022 08:39:34 CEST | Press release

Every week, cattle are shipped to the Canary Islands under unacceptable conditions. These transports are extremely long. The animals stand on the truck for even more than 100 hours non-stop. Now, in summer, sweltering heat must be added as well as poor water supply, no or too little food, bedding of excrements and urine, lack of space, and an acrid ammonia smell. Once on the islands, the animals, only a few months old, await death in the slaughterhouse. A trade that is enhanced by subsidies and slaughter premiums.

Grünenthal to license osteoarthritis pain treatment to Shionogi in Japan in deal of up to > $ 500 million4.8.2022 09:00:00 CEST | Pressemelding

(Aachen, Germany) Grünenthal and Shionogi announced today that they have entered into a licensing agreement for Grünenthal’s investigational medicine Resiniferatoxin (“RTX”). Shionogi obtained the exclusive rights to commercialise Grünenthal’s asset in Japan for pain associated with osteoarthritis of the knee. RTX is currently in Phase III of clinical development for the treatment of patients with moderate to severe pain associated with knee osteoarthritis. Osteoarthritis, a progressive and often painful joint disease, is an indication with high unmet medical need. If approved, RTX could become a well-tolerated, non-opioid therapy option for patients, providing long-lasting pain relief and functional improvement of the affected knee joints. Under the terms of the agreement, Shionogi will obtain the exclusive commercialisation rights for RTX in Japan for a total consideration of up to $ 525 million plus additional sales based payments. Thereof, Shionogi will pay $ 75 million upon signat

Make some noise for endangered species: Krombacher and Wacken Open Air present the "Growling Creatures" – the first metal band consisting of endangered animals1.8.2022 11:14:47 CEST | Pressemelding

(Krombach, Germany): What do grey seals, cuckoos, and lynx have in common? They are all rare, European native species whose survival is threatened, and they are part of the "Growling Creatures" - the first metal band consisting of endangered animals. Presented by Krombacher and the legendary metal festival Wacken Open Air (W:O:A), this summer the Growling Creatures are drawing attention to their threat and are making some noise for endangered species. "With Krombacher, we have long been committed to domestic and international species protection projects," says Peter Lemm, Head of Communications of the Krombacher brewery. "As a new partner of the Wacken Open Air, it was important for us to create an authentic connection between our sustainable commitment and entertainment with a twinkle in the eye. The Growling Creatures represent exactly this - as musical newcomers of the year, they deliver the best metal sound for the good cause." Animalistic Metal Sound On their mini-EP “Growling Cre

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom