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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
A battery electric vehicle (BEV) or hybrid electric vehicle electric motors are powered by a rechargeable battery known as an electric vehicle battery (EVB, often referred to as a traction battery) (HEV).
The increased focus on EV launches by well-known automakers like Ford Motors, AG, and others is projected to fuel market expansion.
Additionally, a number of key drivers that are propelling this market include the rising demand for electric vehicles, customer interest in reducing vehicle carbon footprint, favorable government regulations, and better electric vehicle battery technology.
New cell chemistries are being researched for EV batteries to make them lighter, smaller, and able to store more energy, allowing electric cars to compete with conventional fuel-based vehicles.
The Turkey EV Battery Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Ford has proposed to create a joint venture with Turkish industrial behemoth Koch Holding and South Korea's SK Innovation to produce EV batteries at a new factory close to Ankara.
Ford's commercial cars, which are anticipated to be produced in large quantities at Ford's assembly facilities in Turkey, would use batteries from this production, which is anticipated to have an annual capacity of 30 to 45 GWh.
The Turkish electric vehicle maker Tog and the Chinese battery company Farai's Energy have formed a joint venture named Siro with which they will each own a 50 percent stake. The batteries utilized in the complete line of Tog products will be developed and produced by Siro.
A memorandum of agreement between Farai's Energy and Tog to develop the specifics of a strategic partnership was previously signed. It has become evident that Tog will rely on cells from Farai's Energy and that the Chinese will also operate as Tog's partner for the battery assembly.
While Siro's headquarters are in Ballism Vadis in northwest Turkey, serial manufacture of the batteries will take place in the neighborhood of Gemlike. In the beginning, it was claimed that the cells would be shipped to Turkey from Farai's' proposed manufacturing in Butterfield
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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