The move is part of Turkey's multibillion-dollar plan to produce a car with a local brand. Under the agreement between the two companies, the Chinese side will supply lithium-ion batteries to Turkey. According to Prof. Tayfur Öztürk, ( Middle East Technical University ) ,"Turkey does not have lithium reserves that can be operated economically.
Turkey has become an entry point into the European market for EV battery companies and other tech companies from China.
Under the agreement between the two companies, the Chinese side will supply lithium-ion batteries to Turkey. According to Prof. Tayfur Öztürk, ( Middle East Technical University ) ,"Turkey does not have lithium reserves that can be operated economically. Lithium is obtained from the most comfortable salt water reservoirs.
In the event that it is activated at full capacity, the facility is expected to meet half of Turkey's lithium needs, with an annual production of 600 tons. The Ministry of Energy and Natural Resources states that lithium production with this method is a first in the world and is only applied by Eti Maden.
The most important factor in Turkey's turn to lithium is the increasing high demand in the world. The cumulative demand, which was only 0.5 gigawatt hours in 2010, increased to 526 gigawatt hours in 2020. This significant increase is expected to reach 9,300 gigawatt hours by 2030, increasing approximately 17 times.
In 2019, Mercedes-Benz took a 3% strategic stake in Farasis to work together on supplying EV batteries. They planned to build a battery plant in Germany, but that has been severely delayed and even reportedly canceled. Turkey seems to be Farasis’s backup plan.
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