Turkey unveils US$3.7-billion home-grown electric car project

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ISTANBUL: Turkey said it plans to produce up to 175,000 vehicles annually under its domestic electric car project, set to be unveiled by President ...

ISTANBUL: Turkey said it plans to produce up to 175,000 vehicles annually under its domestic electric car project, set to be unveiled by President Tayyip Erdogan on Friday, drawing investment of 22 billion lira over 13 years.

Turkey is already a big exporter to Europe of cars made domestically by firms such as Ford, Fiat Chrysler, Renault, Toyota and Hyundai. Five models of the car will be produced by a workforce of more than 4,000 people, the statement said, adding the government had guaranteed to buy 30,000 of the vehicles by 2035.Erdogan first revealed plans in November 2017 https://fr.reuters.com/article/bankingfinancial-SP/idUKL8N1N851Z to launch a car made entirely in Turkey by 2021. He is expected to drive the prototype over a suspension bridge at a ceremony Friday in the northwestern district of Gebze.

 

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