Skyworth and Ulubaşlar Group reached an agreement for the battery factory investment

One of the Ulubaşlar Group companies, Ulu Motor and Skyworth, the manufacturer of Skywell, one of the largest technology companies in China, reached an agreement to open a Battery Development and Production factory in Turkey.

According to the agreement, a battery production factory with 800 + 4C architecture will be opened until the first quarter of 2024. With these batteries, the charging power will increase from 120kw to 480kw, which will enable it to reach 0 to 80 percent charge in 8 minutes.

Both groups will make a total investment of 25 million dollars for this joint project.