Oyak Renault will produce electric vehicles in Turkey. But where will it source the batteries? An exciting possibility: Siro, established by Togg and Farasis. Here's the background and critical importance of this potential deal!
While Renault's plans for electric vehicle production in Turkey are on the agenda, a detail from the industry is changing everything: Togg's partner, Siro Energy, is on the table for battery supply. This video delves into the background of that news and what it means for Turkish industry.
Siro Energy's Gemlik facility aims to reach an annual capacity of 20 GWh by 2031. Even if Togg sells 60,000 vehicles a year, it would only use a quarter of this capacity. The large customer that could fill the remaining 15 GWh might just be Renault.
The biggest fear of automotive giants is no longer rivals, but the supply chain. If batteries don't arrive, factories halt, and revenue stops. Renault sourcing batteries right next to Bursa is a move that eliminates logistical risk, reduces geopolitical vulnerability, and offers the reliable alternative Europe sought after Northvolt.
Northvolt raised $15 billion in investment but declared bankruptcy in 2024. It wasn't a lack of money, but a lack of know-how. Siro, on the other hand, combines Farasis's 20 years of cell production experience with Battery Management System (BMS) technology developed in Turkey. The intellectual property of the BMS is in Turkey.
If this agreement comes to fruition, Turkey will transform from merely assembling vehicles to a country that designs the new heart of automotive technology and exports it to global brands. Siro's ecosystem is expected to generate 110 billion Euros in value and create 22,000 qualified jobs within 10 years.
Topics covered in the video include: Renault Turkey electric vehicle production, Siro Energy capacity analysis, lessons from Northvolt's bankruptcy, the battery supply chain crisis, BMS technology, and Turkey's new position in the global automotive market.
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