Farasis Energy to establish power battery joint venture with GOGG
2021-10-11 15:12:45 [Print]
Farasis Energy announced that it will establish a joint venture with Turkey-based TOGG
. The joint venture will, based on advantages of both Farasis Energy and TOGG, conduct R&D and production of power batteries and sell these batteries to clients in Turkey, Russia, Ukraine, Georgia, Northern Cyprus, Europe, Middle East, Africa and other countries and regions . Farasis Energy and TOGG will respectively hold 50% shares of the joint venture . Farasis Energy will be responsible for R&D, production and supply of vehicle power batteries for clients of both TOGG and the joint venture, planning to provide energy storage and other energy solutions for Turkey and surrounding regions.