Durapower Group, a Singapore-based lithium-ion battery provider, has signed a Memorandum of Understanding with Turkey’s Kıvanç Enerji to evaluate the creation of a joint venture to manufacture battery cells and packs in Turkey, aiming to supply the US market and support regional EV supply chain resilience.
The planned facility will target gigawatt-hour-scale production of Lithium Manganese Iron Phosphate (LMFP), Nickel Manganese Cobalt Oxide (NMC), and NMC-XNO chemistries. The partnership envisions a phased build-out of capacity to serve demand for commercial electric vehicles and energy storage systems. The companies says there is future potential to expand by establishing a US-based manufacturing plant, depending on market developments.
Durapower’s core business covers lithium-ion cell research, development, manufacturing and system integration for EVs, with applications in on- and off-road EVs, hybrid and plug-in hybrid vehicles, electric marine vessels and stationary storage. Kıvanç Enerji operates in textiles, renewable energy, and solar panel manufacturing, targeting 1.3 GW of solar capacity with battery storage. Its activities also span electricity production, power plant development and trading.
Source: Durapower Group
