While a transformation towards models with electric motors is taking place in the automotive industry all over the world, domestic automobiles are also of interest in Turkey. Turkey’s Automobile Initiative Group (TOGG) has launched a new project to produce batteries for electric cars. It has been learned that an investment will be made for the production of TOGG electric car batteries.
Batteries planned to be used in TOGG electric cars will be produced within the scope of the factory to be established in the Gemlik district of Bursa. According to the latest developments regarding this project, the said battery investment will be supported within the scope of Project Based State Aid. TOGG, in September for the battery investment SIRO Silk Road Clean Energy Solutions San. ve Tic. He founded the AS.
Published in the Official Gazette
It has been finalized that Project Based State Aid will be provided for this investment, which will be realized in partnership with TOGG and SIRO. This investment, published in the Official Gazette with the President’s Decision, will be supported by the state. In this context, TOGG batteries will be produced with government support within the scope of the Decision on Project-Based State Aid.
Within the scope of the work to be done in Bursa, the production of a battery cell with a capacity of 15 GWh and a battery module pack with a capacity of 19.8 GWh will be completed. Within the scope of the investment of 30 billion TL in total, 2 thousand 200 additional personnel will be employed. According to the latest information, 400 of the 2 thousand 200 personnel who will work in TOGG battery production will be qualified personnel.
Valid Until 31 December 2035
If the investment in the battery factory to be established by the partnership of TOGG and SIRO is completed by 31 December 2035, the limit of the cumulative support will be 12.5 percent of the fixed investment expenditures. The payment of the grant support will be given in 2023, 2024, 2025 and 2026, up to 30 percent of the portion of the investment visa for completion.
According to the information obtained, TOGG will spend 10 percent of the fixed investment on R&D every year until the end of the investment period from 2023. When the investment is completed, at least 15 percent of R&D expenditures will have been made according to the total fixed expenditures. Many grants and tax exemptions will be applied within the scope of the factory to be established in Bursa Gemlik.