Turkey unveils $3.7-billion domestic electric car project

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Reuters
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ID: 
1577433144552899000
Fri, 2019-12-27 07:50

ISTANBUL: Turkey said it plans to produce up to 175,000 vehicles annually under its domestic electric car project, set to be unveiled by President Tayyip Erdogan on Friday, drawing investment of 22 billion lira ($3.7 billion) over 13 years.
The project to produce a fully home-grown car has been a longtime goal of Erdogan and his ruling AK Party as a demonstration of the major emerging market’s economic power.

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