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SINGAPORE, Oct. 10, 2025 /PRNewswire/ — Durapower Group (‘Durapower’), a Singapore-based leader in advanced lithium-ion battery solutions, has signed a Memorandum of Understanding (MoU) with Turkish industrial group Kıvanç Enerji (‘Kıvanç’) on October 8, 2025, in Detroit, United States (US). The partnership will evaluate a joint venture for battery cell and pack manufacturing in Turkey to supply the US, while supporting the adoption of clean energy and enhancing supply chain resilience.
From left: Mr. Sanjay Bakshi, Senior Group Director for the Americas Market, Durapower; and Mr. Nizamettin Derbil, Deputy General Manager, Kıvanç Enerji.
“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.
According to the International Energy Agency (IEA), US demand for electric vehicle batteries is set to more than double between 2024 and 2030, rising from 116 GWh to over 280 GWh annually. Through this alliance, Durapower and Kıvanç aim to establish a sustainable, diversified supply chain to meet this surge in demand while supporting the global transition to clean energy.
Strategic Collaborations to Drive Growth
The initial plan centres on a GWh-scale facility producing Lithium Manganese Iron Phosphate (LMFP), Nickel Manganese Cobalt-oxide (NMC), and/or NMC-XNO chemistries. The collaboration envisions a phased capacity buildout, aligning with regional market demand for energy storage and commercial mobility applications. Subject to suitable market conditions, there is also long-term potential for establishing a local battery manufacturing facility in the US.
“This strategic partnership enables us to integrate Durapower’s battery systems with Kıvanç’s solar modules to deliver comprehensive renewable energy solutions for institutional and commercial markets, including distributed generation projects. We will also explore direct-to-utility bidding and PPA-based deployment opportunities. Given Kıvanç’s active role in the Balkans as a renewable energy investor, this collaboration is expected to extend into those markets as well,” said Nizamettin Derbil, Deputy General Manager, Kıvanç Enerji.
For more information about the companies’ operations, visit https://durapowergroup.com/ and https://www.kivancenerji.com.tr/homepage.html.
About Durapower Group
Headquartered in Singapore, Durapower provides end-to-end energy storage solutions for electric mobility and renewable energy applications, including on-and off-road electric, hybrid, and plug-in hybrid electric vehicles, electric marine vessels, and stationary storage systems. Since 2009, Durapower has focused on Lithium-Ion cell R&D, manufacturing, and system integration, with a global presence in 25 countries and 70 cities across Europe, China, India, and Southeast Asia. The group is committed to scalable, sustainable batteries that support the circular economy, empowering lives and transforming the future towards a carbon neutral economy. Durapower does not manufacture, sell or distribute batteries intended for use in relation to household or consumer electronics.
About Kıvanç Enerji
Kıvanç Enerji is a family-owned industrial group with operations spanning textiles, renewable energy, recycled paper, and solar panel manufacturing. The Group is also involved in electricity production, trading, and power plant development, targeting 1.3 GW of mainly solar capacity with battery storage.
Kıvanç Enerji plans to expand its solar panel output by commissioning a second production line, and its Board has approved further investments in Turkey to add 5 GW EVA-EPE-POE, 5 GW Ingot + Wafer, and 5 GW Cell capacity, enabling the group to offer non-Chinese solar panels and cells to the US market.