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Turkey to Invest $3.7B to Electric Car Project

Turkey to Invest $3.7B to Electric Car Project

Enterprise & IT Dec 31,2019 0

Turkish president Recep Tayyip Erdoğan has unveiled new electric vehicle prototypes that will launch Turkey’s Automobile Joint Venture Group (TOGG), a new state-supported automotive enterprise.

The first vehicle, a compact SUV, is expected by 2022. An investment of $3.7 billion will enable output of about 175,000 EVs a year. The electric SUV unveiled last week used rehashed 2017 designs from Italy’s Pininfarina.

TOGG was established by five industrial groups: Anadolu Group, BMC, Kok Group, mobile phone operator Turkcell, and Zorlu Holding, the parent of TV maker Vestel.

TOGG’s CEO is former Bosch executive Gurcan Karakas. The company’s COO is Sergio Rocha, who is the former CEO of General Motors Korea.

The vehicles are expected to provide about 186 miles in range. There will be a base option with a single 200-horsepower motor in a rear-wheel-drive configuration. A second dual-motor, all-wheel-drive 400-hp variant could provide up to 300 miles on a single charge.

TOGG said the single-motor RWD model will go from zero to 62 mph in 7.6 seconds, while the dual-motor version will take 4.8 seconds to cover the same distance.

The vehicles, including a crossover SUV and sedan, will be provided with DC Quick-Charging up to 150 kilowatts. Automated driving features are also being evaluated.

TOGG plans to offer five different models over the next 15 years.

The group wants to sell the car domestically, and also plans to turn TOGG into an international brand. The factory will be located in Bursa, a manufacturing hub. The factory, scheduled to be completed in 2021, is expected to employ 4,300 people.

Major international auto makers — including Fiat-Chrysler, Ford, Hyundai, Renault, and Toyota — currently produce or assemble vehicles in Turkey.

Tags: electric cars
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