Recently, Yiwei Lithium Energy's subsidiary, Hubei Yiwei Power Co., Ltd. (hereinafter referred to as "Yiwei Power"), reached a cooperation consensus with Aksa Jeneratör Sanayi A.Ş (hereinafter referred to as "Aksa") in Turkey, signing a memorandum of understanding.
Yiwei Power and Aksa plan to establish a joint venture in Turkey. The joint venture aims to engage in the production, marketing, and sales of battery modules, outdoor cabinets, and containers. Additionally, it will act as the engineering, procurement, and construction (EPC) contractor for implementing energy storage system projects in Turkey.
In recent years, the Turkish government has taken a series of policies and measures to adapt to global energy trends. This includes the passage of the "Rewarding Measures Regarding Electricity Storage" law and the announcement of the "National Renewable Energy Action Plan." These initiatives provide strong support for the development of the energy market in Turkey, and it is anticipated that Turkey's energy demand will continue to grow in the coming years.
Aksa, as a leading power plant and grid operator in Turkey, possesses extensive experience and resources in the energy market. Yiwei believes that the establishment of this joint venture represents an organic combination of Aksa and Yiwei's dual advantages. By integrating Aksa's local market resources with Yiwei's lithium battery manufacturing capabilities, the joint venture will inject vibrant energy into Turkey's rapidly developing energy market.
In fact, not limited to Turkey, in 2023, Yiwei has successively initiated power and energy manufacturing operations in Hungary, Malaysia, and the United States, gradually establishing a new situation of "global manufacturing, global delivery, and global service."
