Hyundai Mobis to Build Battery System Plant in Türkiye

Published: Jun 18, 2026 11:45

Save

Hyundai Motor Türkiye (HMTR) announced on June 17 that it will invest EUR 55 million, or around KRW 96.5 billion, together with Hyundai Mobis to establish a battery system assembly plant at its İzmit plant.

The project is part of a broader EUR 715 million, or around KRW 1.2548 trillion, electrification investment plan, which includes production of the IONIQ 3 starting in August and preparations for future electric and hybrid vehicle models.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

SFA NEXEL Signs NDA With European Battery Cell Manufacturer

SFA NEXEL announced on June 18 that it has signed a non-disclosure agreement (NDA) with a cell manufacturer pursuing a battery production project in Europe. The two companies will review potential technology and business cooperation in electrode process equipment supply and next-generation battery process solutions.

1 hour ago

Japan Considers Mandatory Collection of EV Batteries

According to Nikkei Asia on June 16 local time, Japan’s Ministry of the Environment and Ministry of Economy, Trade and Industry reviewed a policy report last week outlining revisions to the Automobile Recycling Law. The ministries officially decided to launch a working group this summer to establish a comprehensive recycling system for used EV batteries.

1 hour ago

[SMM Analysis] Sulfur Price Outlook: The Game Between Geopolitical Premium Fade and Supply Recovery Lag

1 hour ago