Hyundai Mobis to Build Battery System Plant in Türkiye

Published: Jun 18, 2026 11:45

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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.

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