Hyundai invests in battery production at its İzmit plant
Hyundai Motor Türkiye (HMTR) has announced a new battery factory alongside its investment in the fully electric IONIQ 3, which is scheduled for mass production this August, daily Milliyet has reported.
Backed by nearly 30 years of manufacturing in Türkiye, the company plans to invest a total of 715 million euros into its facility. This funding will support the production of the new IONIQ 3 and upcoming next-generation models, with 55 million euros specifically allocated for the battery factory.
Hyundai Motor Türkiye will combine battery cells with an automation system in cooperation with Hyundai Mobis. With this investment, more than 300 people will be employed in the first phase.
“Since 1997, we have produced 3.3 million vehicles at our İzmit plant, which is Hyundai’s first overseas facility,” said Hyundai Motor Türkiye Sales, Marketing and After-Sales General Manager Murat Berkel
