3 stories tagged turkey on EV Digest.
Turkey's sovereign wealth fund is set to become the majority shareholder in domestic electric vehicle manufacturer TOGG. This move involves Vestel and Anadolu Group divesting their current stakes, signaling a strategic consolidation of ownership for the national EV project.
Hyundai has rolled out an enhanced version of its IONIQ 6 electric sedan in Turkey, featuring refreshed aesthetics and an extended driving range. This updated model aims to boost its appeal within the local EV market.
Hyundai Motor Türkiye (HMTR) is investing €55 million into a new battery assembly factory, supporting the upcoming production of its IONIQ 3 model, set to begin in August. This strategic move, part of a larger €715 million investment, will integrate battery cells with an advanced automation system in collaboration with Hyundai Mobis. The plant aims to bolster localized EV manufacturing capabilities in the region.
