President Recep Tayyip Erdoğan received members of the Board of Directors of Turkey's Automobile Enterprise Group (TOGG) and Keith Kepler, CEO of FARASIS Energy, TOGG's business partner.
Minister of Industry
and Technology Mustafa Varank, President of the Union of Chambers and Commodity
Exchanges of Turkey (TOBB) and Chairman of TOGG Board of Directors M. Rifat
Hisarcıklıoğlu, TOGG Board Members and TOGG Executive Director Mehmet Gürcan Karakaş
attended the closed-door reception at the Presidential Complex.
During the meeting, the
delegation informed President Erdoğan about the investments, particularly in
the development and production of domestic battery products.
TOGG Chairman
Hisarcıklıoğlu stated that SiRo was born out of their partnership with Farasis
Energy, one of the largest manufacturers of the battery market, to develop
energy storage solutions for automotive and non-automotive applications.
Stating that the name
SiRo comes from Silk Road, the English language of the historical Silk Road,
which connects East and West and plays an important role in the development of
civilizations, Hisarcıklıoğlu said, “SiRo is a strategic step that will
contribute to the technological transformation of the mobility ecosystem in our
country. With SiRo, we will produce TOGG's battery modules and packages and
develop energy storage solutions in Turkey and surrounding countries.”
With this initiative,
Hisarcıklıoğlu pointed out that they aim to be a pioneer in improving Turkey's
energy system efficiency, and said, “We aim to reduce dependence on energy and
accelerate the development of a clean and efficient energy system.”
Farasis Energy
Co-Founder Kepler said, “The joint venture we have launched with TOGG in Turkey
is Farasis' most important partnership abroad in the coming years. Therefore,
we will spend all our efforts on the successful growth of this new company.”
- Europe's first native electric SUV
TOGG, which emerged
with the goal of creating a globally competitive car brand with which Turkey
has intellectual and industrial property rights, will be Europe's first native electric
SUV when it comes off the band in the last quarter of 2022.
TOGG will launch all 5
different models by 2030. Electric, connected and next-generation cars with a
51 percent domesticity rate will be produced at the factory in Gemlik, which is
built on an area of 1.2 million square meters.