17:20 - 19.06.2023

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June 19, Fineko/abc.az. Chinese technology company Skyworth and Ulubaşlar Group (Türkiye) are creating a joint venture.

The two companies have agreed to invest in a battery manufacturing plant, ABC.AZ reports with reference to the foreign press.

Under the agreement, by the 1st quarter of 2024, a factory for the production of batteries with architecture of 800+4C will be opened.

With these batteries, the charging power will increase from 120 kW to 480 kW, which will allow charging it by 0-80% in 8 minutes.

Both groups will invest a total of $25 million in this joint project.