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Electric vehicle (EV) growth appears to have a promising future. Sales of EVs are rapidly increasing, and consumers are more open than ever to considering purchasing one.
The majority of significant markets have had constant growth in recent years, and the Turkish car sector is speeding up its efforts to keep up with the global transition to electric vehicles. Turkey has made a name for itself as a world leader in the production of automobiles.
The Turkey EV Components Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
Togg and Chinese cell manufacturer Farasis are establishing a 50/50 joint venture to manufacture cells in Turkey. Ankara, the capital of Turkey, will host the new battery cell production plant where imported Farsi battery cells will be assembled into modules and packs for Togg.
Although the long-term goal is to make cells locally, the new battery plant will assemble imported NMC pouch cells into modules and packs. For a more smooth integration into the cars, Togg’s battery modules and packs were developed in collaboration with Farasis.
One of the largest battery plants in the world will be constructed by Ford’s Turkish partner and the battery project of the American manufacturer. The largest conglomerate in Turkey, Koc Holding AS, has agreed to join a joint venture between Ford Motor Company and SK Innovation Co. to produce batteries for electric vehicles.
The new plant in Ankara, Turkey’s capital, is expected to create batteries for a variety of vehicles, including Ford’s Transit commercial vans, according to its Turkish collaboration with Koc.
The sole distinctive voice heard from millions of vehicles on the road is produced by Seger from the northwest region of Bursa, known as Turkey’s automotive capital, for the past forty years. And it is currently making strides to become the primary supplier for the electric vehicle (EV) sector. Seger’s parts have recently become more common in the electric vehicle (EV) market.
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