Hyundai has not revealed which particular fashions might be produced in its İzmit facility or the precise manufacturing numbers. Nevertheless, there are some clues: in January 2024, Hyundai Motor Group positioned an order with the provider Posco for electrical motor parts, with a complete of 550,000 models anticipated to be delivered to the Hyundai plant in Turkey by 2034.
In line with Hyundai’s press launch, the electrical car fashions produced on the İzmit plant will improve Hyundai’s increasing electrical car lineup, addressing the rising demand for sustainable mobility options within the European market. Whereas the precise electrical fashions stay unnamed, the plant can even proceed to fabricate combustion engines. At the moment, the car manufacturing at İzmit consists of the i10 and i20 small vehicles, together with the Bayon small crossover.
As said on the ability’s web site, the annual manufacturing capability is as much as 245,000 autos. The newest announcement hints at a possible enlargement in manufacturing capability, however no particular figures have been supplied. Moreover, Hyundai has not disclosed the funding quantity for the transition to electrical car manufacturing.
Beforehand, the plant was operated by Hyundai Assan Automotive, a partnership between the Hyundai Motor Group and Turkey’s Kibar Holding. In 2020, Kibar Holding transferred its shares to Hyundai, resulting in a rebranding of the ability to Hyundai Motor Türkiye to raised replicate its significance within the world automotive sector.
Hyundai is already manufacturing electrical autos in Europe at its Nosovice plant within the Czech Republic, the place the Kona Elektro is produced. Nevertheless, electrical fashions from the Ioniq collection will nonetheless be imported from South Korea, together with the most recent addition, the Inster small automotive.
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