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Hyundai (Seoul/005380) Motor Turkiye is planning to launch production of an electric vehicle (EV) model at its Izmit plant in 2026, the company said on March 3.
Alongside EVs, Hyundai’s Turkey unit will continue to produce models with internal combustion engines.
Hyundai plans to move to a zero-tailpipe emissions portfolio of vehicles in Europe by 2035.
| Major EV production investments in Turkey or by Turkish companies abroad | ||||||
| Firm | Sector | Amount | Investment | Capacity | Location | |
| 2026 | Hyundai (Seoul/005380) Motor Turkiye | Automotive | - | Electric vehicle (EV) model | - | Kocaeli |
| Aug-2024 | Yigit Aku (YIGIT), Ganfeng Lithium (China/Shenzhen/002460) | Automotive | $500mn | Electric vehicle (EV) battery plant | 5 GW/year | - |
| 2026 | BYD (China) | Automotive | $1bn | Electric vehicle (EV) | 0.15mn/year | Manisa |
| Q1-2024 | Skywell (Skyworth/China), Ulu Motor (Ulubaslar) | Automotive | €50mn | Electric vehicle (EV) battery plant | - | - |
| Sep-2022 | Belka (Ankara Municipality) | Automotive | - | Electric vehicle (EV) | Diesel-to-electric conversion | Ankara |
| Sep-2022 | Otokar (OTKAR) | Automotive | - | Electric vehicle (EV) bus | - | Sakarya |
| Sep-2022 | Anadolu Isuzu (ASUZU) | Automotive | - | Electric vehicle (EV) bus and minibus | Big.e, NovoCiti Volt | Kocaeli |
| Sep-2022 | Temsa | Automotive | - | Electric vehicle (EV) bus | LD SB E | Adana |
| 2024 | Ford Otosan (FROTO) | Automotive | - | Electric vehicle (EV) trucks | - | Eskisehir |
| Sep-2022 | Karsan (KARSN) | Automotive | - | Electric vehicle (EV) bus, hydrogen bus | - | Bursa |
| 2024 | Ford Otosan (FROTO) | Automotive | €715mn | Electric vehicles (EV) (Puma (SUV), Transit Courier (Van), Tourneo Courier (Kombi)) | 250,000 units/year | Romania |
| 2022 | TOGG | Automotive | TRY3.5bn | Electric vehicle (EV) plant | - | Bursa |
| 2026 | Ford Otosan (FROTO) | Automotive | TRY22bn (€2bn) | Electric vehicle (EV) battery plant/Capacity expansion | 0.13mn/0.21mn | Kocaeli |
| 2022 | Ford Otosan (FROTO) | Automotive | €4mn | Electric scooter (EV) production | Engines by Arcelik (ARCLK) | Eskisehir |
| Nov-2021 | Kalyon Electrical Vehicle | Automotive | - | Electric vehicle (EV) battery development | Company launch | Istanbul |
| Nov-2021 | Farasis(China)-TOGG | Automotive | - | Electric vehicle (EV) battery plant | 20 GW | Bursa |
| Aug-2021 | Eldor (Italy) | Automotive | $100mn | Electric vehicle (EV) parts plant | 0.55mn unit/year | Izmir |
Table: Major electric vehicle production investments in Turkey or by Turkish companies abroad.
Hyundai Motor Türkiye, formerly named Hyundai Assan Otomotiv Sanayi, is Hyundai Motor Group's first and longest-serving overseas production hub outside of Korea.
In 2021, Hyundai Motor acquired its local partner Kibar Holding’s 30% stake in Hyundai Assan.
Since 1997, Hyundai's Turkey unit, which has an annual production capacity of about 245,000 units, has produced more than 3mn vehicles. A share of 55% of components are supplied by more than 50 local manufacturers.
Hyundai is the 5th largest automobile manufacturer in Turkey. It produced 242,016 vehicles in the country in 2024.
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