Hyundai Begins Production of New i20'n in Turkey

Hyundai Begins Production of New i20'n in Turkey
Hyundai Begins Production of New i20'n in Turkey

Industry and Technology Minister Mustafa Varank, regarding the start of mass production of the Hyundai i20 car, said, “This factory will meet approximately 20 percent of the world's i50 production. 90 percent of the production will be exported. The local production rate of the i20 cars produced is over 60 percent. " said.


Stating that they aim to be the leader in Europe and among the top 2030 countries in the world in the production of electric, connected and autonomous light and heavy commercial vehicles in 5, Minister Varank said, "We want to make our country a battery production center with battery module, package and cell investments."

TWO WOMEN FRIENDS

A ceremony was held at the Hyundai factory in Kocaeli for the mass production of the i20 car. Speaking at the ceremony Varank, Turkey's ancient friendship with South Korea, he said of the blood brotherhood and humanitarian unshakable bond that eliminates the geographical distance.

TO BE EXPORTED TO EUROPE

Stating that Hyundai Assan is among the top 240 exporters in the country with an annual production capacity of approximately 1,7 thousand units and an export volume of 5 billion dollars, Varank said, “The production line that we will open soon is the product of 27 months of hard work and an investment of 194 million dollars. Approximately 85 thousand i20s will be produced annually. Thus, this factory alone will meet approximately 20 percent of the world's i50 production. More than 90 percent of this production will be exported, mainly to Europe. The local production rate of the i20 cars produced here is over 60 percent, of course, this rate will increase further over time. said.

TURKEY'S AUTOMOBILE

Reminding that Turkey will produce a car factory laid the foundation of Varank July 18, "the majority of the supplier of the elections have been completed. Among TOGG's suppliers, there is a very bright startup, start-up, that has never worked with any major manufacturer before. These companies are signing new and original works. For example, young Turkish enterprises undertake the camera of our car, its interaction with smart life technologies and high value-added works such as augmented reality technology. " he spoke.

75 PERCENT LOCALITY TARGET

Stating that they set concrete and ambitious goals in the “Mobility Vehicles and Technologies Roadmap”, Varank said, “We want to increase the localization rates in vehicles produced in all modes, from cars to locomotives, from commercial vehicles to ships, to at least 75 percent. In 2030; We aim to be the leader in Europe and among the top 5 countries in the world in the production of electric, connected and autonomous light and heavy commercial vehicles. We want to turn our country into a battery production center with battery module, package and cell investments. " said.

EXPORTER TOP 10 COUNTRIES

Emphasizing that the future of the sector is software and artificial intelligence technologies, Varank said, "We want to develop connected and autonomous vehicle software, especially cyber security, driving safety and driver behavior modeling software, and to be among the top 10 countries that export them." he spoke.

ECONOMY TRUST INDEX

While evaluating the latest Economic Confidence Index data, Varank said, “We can see that the positive trend and the positive trend continue here, too. Therefore, we can reach the conclusion that our citizens' expectations for the upcoming period are more positive than the pandemic period. " used the expressions.

WILL SPLASH

Ambassador speaking South Korea at the ceremony, Choi Hong Ghi, "Hyundai with the launch of the new i20 model to Turkey hoping to make a forward leap of the factory and to expand the economic cooperation between Korea and Turkey, and we look forward to developing." said.

STABLE AND DOMESTIC

President of Hyundai Assan Chairman Ali Kibar, steady confidence of consumers stating that they were doing and said domestic manufacturers successful investment activity in the market as they walked in Turkey.

100 THOUSAND PRODUCTION PER YEAR

President of Hyundai Assan Ickky Oh, "So far Turkey with the internal market is Europe, Middle East, and we produce more than 2 million vehicles to be exported to North African countries. I am very happy to have successfully completed the development process of the new i2, which we have been working on for exactly 3 years and 20 months, and to be together with you at the mass production celebration ceremony. We will produce 20 thousand units of our new i100 model per year. " said.

SIGNATURE ATTILAR

The promotional video of the factory and the renewed i20 was watched in the program. It was signed by Minister Varank, President of the Presidency Investment Office Ahmet Burak Dağlıoğlu, Kocaeli Governor Seddar Yavuz, Kibar, Choi, Ickkyun and other interested parties. Varank and his entourage toured the factory and received information from the authorities.


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