|
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.
"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.
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.
"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.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Durapower Group and Kıvanç Enerji Forge Partnership to Explore Strategic Battery Manufacturing and Renewable Energy Collaboration in the United States
DUBAI, UAE, Jan. 15, 2026 /PRNewswire/ -- Mantle, the high-performance distribution and liquidity layer bridging traditional finance (TradFi), real-world assets (RWAs) and on-chain liquidity, today announced the integration of Infinex, a comprehensive cross-chain DeFi aggregation platform featuring a passkey-first wallet, unified portfolio management, and integrated trading capabilities.
The deployment of Infinex on Mantle significantly enhances access to Mantle-based assets and decentralized applications, offering users a streamlined, intuitive interface to discover liquidity, manage portfolios, and execute DeFi strategies seamlessly across multiple blockchain networks.
By expanding its presence on Infinex's marketplace, Mantle continues to advance its mission of making decentralized finance (DeFi) more accessible, efficient, and scalable, further empowering developers, traders, and liquidity providers with frictionless access to a growing on-chain ecosystem.
Why This Integration Matters
Infinex aggregates liquidity from multiple protocols and simplifies advanced DeFi actions, including swaps, bridging, and yield opportunities all into a single, unified experience. This removes the need for users to navigate fragmented interfaces, making it easier to engage with Mantle-native assets and applications.
The integration strengthens Mantle's on-chain reach and interoperability, supporting broader ecosystem adoption as users increasingly seek seamless, cross-protocol access to DeFi services.
A Unified Trading Experience on Mantle
As Mantle continues to develop its modular Layer-2 ecosystem designed to unlock capital efficiency and institutional-grade utility for DeFi while making real-world finance flow seamlessly, integrations like Infinex delivers immediate, real-world value to users and partners alike.
Through Infinex, users can now discover, access, and deploy Mantle-native assets alongside a wide range of DeFi capabilities, including:
- Seamless Swaps: Executing token exchanges with optimized routing for the best available prices and minimal slippage.
- Integrated Bridging: Facilitating cross-chain asset transfers directly within the platform, removing the need for users to navigate separate, often confusing, bridging interfaces.
- Optimized Yield Opportunities: Presenting and automating access to various yield-generating strategies, including staking, lending, and liquidity provision, all from a single dashboard.
This unified experience lowers barriers to participation while enhancing liquidity flow and user engagement across Mantle's growing DeFi landscape.
Strategic Importance for Mantle's Ecosystem
The Infinex integration expands Mantle's visibility beyond its native ecosystem and facilitates deeper, more efficient liquidity flows across chains. As Mantle continues to attract a diverse range of DeFi builders, from decentralized exchanges and autonomous yield tools to AI-powered interfaces and RWA platforms, broader access through cross-chain aggregators plays a key role in driving on-chain activity, volume, and user adoption.
This milestone supports Mantle's long-term strategy to build a robust, accessible, and high-performance ecosystem that serves both sophisticated DeFi users and the next wave of mainstream participants.
About Mantle
Mantle positions itself as the premier distribution layer and gateway for institutions and TradFi to connect with on-chain liquidity and access real-world assets, powering how real-world finance flows.
With over $4B+ in community-owned assets, Mantle combines credibility, liquidity and scalability with institutional-grade infrastructure to support large-scale adoption. The ecosystem is anchored by $MNT within Bybit, and built out through core ecosystem projects like mETH, fBTC, MI4 and more. This is complemented by Mantle Network's partnerships with leading issuers and protocols such as Ethena USDe, Ondo USDY, OP-Succinct and EigenLayer.
For more information about Mantle, please visit: mantle.xyz
For more social updates, please follow: Mantle Official X & Mantle Community Channel
For media enquiries, please contact: contact@mantle.xyz
About Infinex
Infinex is a crypto superapp that combines the best aspects of multichain wallets, DEX aggregation, perps trading, and much more. Through seamless UX, support for 20+ chains and passkey technology, Infinex provides the safest and easiest way to get onchain. Follow Infinex on X, and set up an account today at Infinex.xyz
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Mantle Expands Global DeFi Access through Infinex Integration
