Türkiye planning to produce one million electric cars per year

Türkiye will launch a $5 billion package to boost its annual production of electric vehicles to one million cars, President Tayyip Erdogan said on Friday, Report informs via Reuters.

Erdogan, speaking in Istanbul, said Türkiye had paved the way for electric vehicle makers to invest in Türkiye, namely via China's largest electric vehicle producer BYD agreeing to build a $1 billion production plant in the country. He also said Ankara wanted to be a major player in this area in the long term.