Hyundai chief meets Erdogan to discuss EV cooperation

What happened: Hyundai Motor Group Executive Chair Chung Euisun met Turkish President Recep Tayyip Erdogan on Wednesday to discuss electric vehicle cooperation, as Hyundai seeks to strengthen manufacturing in Turkey and expand in Europe. Key numbers: Izmit plant, Hyundai's first overseas plant, opened in 1997 with annual capacity of Why it matters: Hyundai aims to become one of Turkey's top three EV sellers, and Turkey's location plus its tariff on Chinese-made EVs could benefit automakers with local production. From 2027 Hyundai plans next-generation hybrids and extended-range EVs.

Hyundai Motor Group Executive Chair Chung Euisun met Turkish President Recep Tayyip Erdogan on Wednesday to discuss electric vehicle cooperation, as Hyundai seeks to strengthen manufacturing in Turkey and expand in Europe.

Hyundai aims to become one of Turkey's top three EV sellers, and Turkey's location plus its tariff on Chinese-made EVs could benefit automakers with local production. From 2027 Hyundai plans next-generation hybrids and extended-range EVs.