(Yicai) Jan. 16 -- Chinese battery maker Eve Energy said it will form an energy storage joint venture in Türkiye to bolster its influence and competitiveness in the global market for lithium batteries.

Eve Energy inked a non-binding agreement with Türkiye’s Aksa Power Generation on Jan. 12, the Huizhou-based firm announced late yesterday.

The JV will focus on producing and selling battery modules, outdoor energy-storage cabinets and containers, Eve Energy said. It will also build local energy-storage projects as a general engineering, procurement, and construction contractor in the future, it noted.

Shares of Eve Energy [SHE: 300014] finished 1.6 percent up CNY40.56 (USD5.66) each in Shenzhen today, after jumping by as much as 3.2 percent in the morning.

Eve Energy and Istanbul-based Aksa will establish a joint working group as soon as possible to draw up and submit a feasibility report on the JV, the firm said, without disclosing other details about the new company, including the shareholding split, management structure, funding plans, and annual production capacity.

The collaboration aims to fully integrate the respective strengths and resources of of Eve Energy and Aksa, fostering synergistic cooperation and provide services for Türkiye’s fast-growing energy market, the battery maker added. 

Editor: Martin Kadiev