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Chinese-Turkish venture eyes 25GW battery plant for Turkey

Mon, 03/05/2018 - 11:36 -- John Shepherd
Chinese-Turkish venture eyes 25GW battery plant for Turkey

Turkish technology giant Zorlu has signed a partnership deal with Chinese private capital firm GSR Capital that paves the way to building a 25GW capacity battery manufacturing plant in Turkey for electric vehicles and energy storage systems.

Zorlu will invest a total $4.5 billion in the project by 2023 – the year in which the plant is to be commissioned.

 

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