Turkey is set to become the largest manufacturer of electric vehicles in EuropeSeptember 4, 2020
The country’s authorities promised to create ideal conditions for attracting investment
Turkish Industry and Technology Minister Mustafa Varank promised to create conditions for attracting investments in the production of electric vehicles, batteries and batteries. The official made this statement at the ceremony for the launch of mass production of the i20 gasoline hatchback at the Turkish Hyundai plant, writes Hurriyet Daily News.
According to Varank, the country should become a major center for the production of batteries and rank first in Europe in the production of electric vehicles by 2030. A small part of Turkey, including the city of Istanbul, is indeed located in Europe, but 97% of the state’s territory is located in Asia. Apparently, the minister preferred the comparison with European factories, since it would be much more difficult to argue, for example, with Chinese in terms of production volumes for the first place in Asia.
Turkey expects to locate the production of third-party companies on its territory. However, the country has at least one own electric vehicle startup.
We are talking about TOGG, which began construction of the first car plant in July 2020. It is a joint venture of several large Turkish corporations that plans to start producing electric cars in 2022.
So far, the company has shown two electric models, and in the future it plans to expand the lineup to five electric vehicles.
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