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Solarex Mart Nisan 2018

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Jianghua Su, the Co-chair of GSR<br />

Capital, the top level executives of<br />

NEVS, the designer and producer of<br />

superior quality electric vehicles, and<br />

one of the focus companies the GSR<br />

Capital invests in, namely NEVS Board<br />

Chairman Kai Johan Jiang, CEO Stefan<br />

Tilk and Representative Shareholder<br />

Chao Ma, Board Members of Zorlu<br />

Holding Olgun Zorlu, Selen Zorlu,<br />

Emre Zorlu, Zorlu CEO Ömer Yüngül<br />

and the President of Vestel Group of<br />

Companies Turan Doğan.<br />

The investments under the partnership<br />

deal will earn the Turkish economy a<br />

high added value export revenue of<br />

6 billion dollars in the long run, and<br />

anew employment opportunity for<br />

4,000 people. The two groups are set to<br />

establish R&D centers in the associated<br />

fields of materials, mechanics and<br />

software in Japan, China and Turkey.<br />

Under the agreement it is planned to<br />

start battery pack operations before<br />

the end of <strong>2018</strong>, and to complete the<br />

investment for the full battery production<br />

in the next 5-year period. The factory,<br />

with an annual capacity of 25,000<br />

MW, to be commissioned in 2023 will<br />

perform the whole line of processes from<br />

manufacturing of intermediate products<br />

to software, and produce batteries<br />

After the signing ceremony, GSR Capital<br />

Co-chair Jianghua Su said, “GSR Capital<br />

focuses on industrialization of new energy<br />

technology for years. We believe in the<br />

power, dynamism and potential of Turkey.<br />

This partnership with Zorlu Holding,<br />

one of the most innovative groups of<br />

Turkey, will be a key part of our business<br />

development in Europe. This cooperation<br />

with Zorlu Holding for nickel, cobalt<br />

and battery production enables a vertical<br />

integration in a win-win cooperation. We<br />

appreciate the vision, entrepreneurial<br />

spirit and courage of Zorlu Holding,<br />

which developed a magnificent plant like<br />

Meta Nikel, one of the top 10 plants in<br />

this field not only in Turkey but also in<br />

the world. Now, altogether we will make<br />

investments and export high value-added<br />

products to many countries across the<br />

world. Besides electric cars, we will join<br />

our forces to offer innovative products<br />

in many fields related to energy storage.<br />

With this battery production plant that<br />

we will create as part of this vision, we<br />

Jiang, CEO’su Stefan Tilk ve Hissedar<br />

Temsilcisi Chao Ma, Zorlu Holding<br />

Yönetim Kurulu Üyeleri Olgun Zorlu,<br />

Selen Zorlu, Şule Zorlu, Emre Zorlu,<br />

Zorlu Holding CEO’su Ömer Yüngül<br />

ve Vestel Şirketler Grubu Başkanı Turan<br />

Erdoğan katıldı.<br />

Yapılan bu ortaklık anlaşması<br />

çerçevesinde gerçekleştirilecek<br />

yatırımlarla uzun vadede Türkiye<br />

ekonomisine 6 milyar dolar tutarında<br />

yüksek katma değerli ihracat geliri ve<br />

4.000 kişiye de istihdam sağlanacak.<br />

Anlaşma kapsamında ayrıca, iki grubun<br />

malzeme, mekanik ve yazılım alanlarında<br />

Çin ve Türkiye’de AR-GE merkezleri<br />

kurması hedefleniyor. <strong>2018</strong> yılı içerisinde,<br />

batarya paketleme işleminin başlaması,<br />

ardından da 4 yıllık bir dönem içinde<br />

komple batarya üretimine yönelik<br />

yatırımın tamamlanması hedefleniyor.<br />

Yatırımı <strong>2018</strong>’de başlayacak ve 2023’te<br />

tamamlanarak devreye alınacak tesis<br />

ara mamulden yazılıma kadar tüm<br />

süreçleri kapsayacak ve yılda 25 bin MW<br />

kapasiteyle batarya üretecek.<br />

Düzenlenen imza töreni sonrasında<br />

duygu ve düşüncelerini dile getiren<br />

GSR Capital Eş-başkanı Jianghua Su,<br />

“GSR Capital olarak, yıllardır yeni<br />

enerji teknolojilerinin endüstriyel çapta<br />

üretimine odaklanmış durumdayız.<br />

Türkiye’nin gücüne, dinamizmine ve<br />

will work together to become one of the<br />

strongest players in the global innovation<br />

economy of the future. I hope this<br />

partnership will be the first step for new<br />

achievements for GSR Capital, Zorlu<br />

Holding and Turkey.”<br />

Concerning the battery production<br />

business Yüngül said this investment<br />

would make the first stage of a long<br />

journey and continued as follows: “Here,<br />

we will start with battery pack business<br />

for electric cars and power storage.<br />

Besides, we are exploring the possibility<br />

of setting up a 25,000 MW capacity<br />

battery production facility on an area of<br />

about 300,000 square meters. We aim to<br />

start our battery production investment<br />

in <strong>2018</strong> and have our factory start<br />

operations in 2023. These investments<br />

in batteries which had started to be used<br />

in mobile phones, and which today are<br />

already being used in electric vehicles<br />

and in the storage of the energy, will<br />

contribute to the economic growth in<br />

Turkey. Our partnership will enable us<br />

to turn an intermediary product which<br />

we export from Meta Nikel for 1 billion<br />

dollars, into a value-added finished<br />

product that will bring an export revenue<br />

of 6 billion dollars. This cooperation<br />

indeed means a leap forward to a phase<br />

where we will produce the brain of an<br />

electric vehicle, i.e. the battery, and thus<br />

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