By Anadolu Agency
March 16, 2021 12:10 pmANKARA, TURKEY
Turkey will become the top electric vehicle producer of the automotive industry, the nation’s President said on Tuesday.
Speaking at an event in the capital Ankara, Recep Tayyip Erdogan hailed the investment of the Ford Otosan — a joint venture of Turkey’s largest conglomerate Koc Holding and US automotive giant Ford — in Turkey.
“Turkey will become the largest production center of commercial electric and integrated vehicles in the future of the automotive industry,” he vowed.
Turkey-based automotive firm Ford Otosan announced on Tuesday that it will open the first integrated electric vehicle factory of Turkey in the industrial Kocaeli province in 2022 to manufacture new-generation commercial vehicles and batteries.
The investment worth €2 billion ($2.4 billion) is expected to create 3,000 direct and 15,000 indirect jobs at the first phase of the factory, according to the firm.
Erdogan said Turkey’s battery production capacity will expand by 130,000 units with the new investment of Ford Otosan.
The government has provided various incentives for businesses to make the private sector the engine of the country’s development, the president added.
Atop of Turkey’s leading export sector, the automotive industry’s exports in 2020 exceeded $25 billion amid the COVID-19 pandemic, he stated.
Turkey exported more than 900,000 vehicles to 180 countries across five continents last year, Erdogan said, adding: “This momentum we achieved in 2020 enabled us to make a strong start to 2021.”
The president said the facility will be an important step in moving Turkey forward in the global competition and turning the country into a technology and production base.
Ford Otosan generates 25% of Turkey’s total automotive production and exports, and it employs 12,500 people currently, Erdogan mentioned, adding that the company puts forward a great vision that will span a decade with thanks to research and development, export, production, and value-added.
Once the project is completed, the production capacity will rose to 650,000, up from 440,000, he said.
“Turkey’s leadership in this field will be reinforced with commercial vehicles manufactured in Kocaeli and exported to Europe,” Erdogan affirmed, adding with the project put into use, a one-ton commercial vehicle will be manufactured for Volkswagen, as well as Ford.
“Ford Otosan will grow its exports from $5.9 billion to $13 billion annually,” he said.
LAST UPDATE: April 17th, 2021 02:43 pm
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