Durapower Group, a Singapore-based leader in advanced lithium-ion battery solutions, has signed a Memorandum of Understanding (MoU) with Turkish industrial group Kıvanç Enerji. The partnership aims to explore the establishment of a joint venture for battery cell and pack manufacturing in Turkey, with production intended to supply the US market.
According to the International Energy Agency (IEA), US demand for electric vehicle batteries is projected to more than double between 2024 and 2030, growing from 116 GWh to over 280 GWh annually. Through this alliance, Durapower and Kıvanç aim to build a sustainable and diversified supply chain to meet this surging demand and contribute to the global clean energy transition.
The initial phase of the partnership focuses on developing a gigawatt-hour (GWh)-scale facility to produce Lithium Manganese Iron Phosphate (LMFP), Nickel Manganese Cobalt-oxide (NMC), and/or NMC-XNO battery chemistries. The project will adopt a phased expansion strategy, scaling production in line with regional demand for energy storage and commercial mobility solutions. Subject to market conditions, the partnership also envisions long-term potential for establishing a dedicated battery manufacturing facility in the United States. “Durapower is proud to partner with Kıvanç, establishing the foundation for a strategic battery manufacturing hub to serve the US and the Americas. By uniting over 15 years of Durapower’s cell and pack expertise with Kıvanç’s strong industrial capabilities, this collaboration underscores our shared commitment to driving lithium-ion battery adoption through innovation, scale, and global partnership,” said Sanjay Bakshi, Senior Group Director for the Americas Market, Durapower.
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