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İzmir Based Startup Ni-cat Will Create Value with Energy Storage Technologies

İzmir based Turkish technology start-up, Ni-cat Battery Technologies will start nickel-based cathode production for the manufacture of efficient lithium-ion batteries in Turkey for both domestic use and for future worldwide exports. The nickel-based cathode alloy is used for lithium-ion batteries in several industries including electric passenger and construction vehicles, shipping and energy storage.


Ni-cat, located in Teknopark İzmir and composed of researchers from the İzmir Institute of Technology (İYTE), aims to contribute to the local production of batteries for Turkey's first domestic electric vehicle (EV), which will be produced by Turkey’s Automobile Joint Venture Group (TOGG).


Can Attal, a business development specialist and co-founder of Ni-cat Battery Technologies, told Anadolu Agency that the company wants to play a part in new battery technologies, which he said are considered the “oil of the new age.”


Attal said that US-based firm ZincFive, the biggest producer of new generation zinc batteries in the world, will soon start to test their product and if successful, Ni-cat will start its first exports. Ni-cat is also targeting exports to other leader lithium-ion battery producing companies such as Samsung SDI and LG Chem.


Attal added that Turkey is well placed geographically to supply cell producers in Korea and China and is a strong contender as an alternative supplier to companies that want to break into markets in Europe and the Middle East and to those that want to pull out of the Chinese market amid the trade war.


Source: https://www.aa.com.tr/en/energy/electricity/turkish-start-up-to-produce-lithium-ion-battery-cathode/30581