Leading Chinese battery maker Eve Energy said it plans to invest in and build an energy storage joint venture in Türkiye with a local energy firm to enhance its influence and competitiveness in the global lithium battery market.

Eve Energy inked a memorandum of understanding for the JV with 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 corresponding containers in Türkiye, Eve Energy added. It will also construct local energy-storage systems as an EPC general contractor in the future, it noted.

Eve Energy and Istanbul-based Aksa will establish a joint working group as soon as possible to submit the feasibility study report about the project’s implementation, the Chinese firm said, without disclosing other details about the JV, including equity ratio, management structure, funding plans, and capacity.

The JV will fully integrate the respective advantageous resources of Eve Energy and Aksa to achieve complementary synergy and provide services for Türkiye’s fast-growing energy market, the battery maker added.

Shares of Eve Energy [SHE: 300014] closed up 1.63 percent to CNY40.56 (USD5.66) in Shenzhen today, after jumping by as much as 3.2 percent in the morning trading session.