Ozkan said Nov. 19 that the company’s first mini commercial electric vehicle, which will have a 19.2 KWh lithium iron phosphate battery, is targeted to be available in the second half of 2024.
Several other Turkish steel companies have also focused on EV production in recent years.
One of the country’s largest steel producers, Habas, is also targeting production of electrical buses at its Manisa facility and hybrid and electrical automobiles at the purchased Honda facility in Gebze, near Istanbul.
Sales of electric vehicles have increased substantially in Turkey recently, climbing by by 890% on the year to 48,883 units in the first 10 months of 2023, since its first domestic EV producer, Togg, launched sales in April.
Platts, part of S&P Global Commodity Insights, last assessed domestic Turkish HRC at $650/mt EXW Nov. 17, up $20/mt on week, amid higher imported scrap pricing.