Hyundai and Renault Expand Electric Vehicle Investments in Türkiye
Hyundai and Renault are increasing their manufacturing commitments in Türkiye with new investments in electric vehicle production.
Hyundai unveiled a €55 million ($63.7 million) battery plant investment as part of a broader €715 million ($830 million) electric vehicle program in Türkiye. According to bazaartimes.com, the new battery facility will support production of the IONIQ 3 electric vehicle, which is set to enter mass production in August at the company’s Izmit plant in Kocaeli Province. dailysabah reported that Hyundai will strengthen its investment in the production of its upcoming IONIQ 3 electric vehicle with a new battery assembly facility. Renault confirmed its existing €400 million plan to produce four new models in Türkiye. Hyundai and Renault pointed to Türkiye’s manufacturing expertise and supplier network in explaining their continued commitment to the market. Hyundai and Renault are among the top-selling and largest-producing automakers in Türkiye.
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