Turkish service center and steel distributor Ozkanlar Metal Demir Celik has entered the electric vehicle manufacturing sector, according to a statement by company CEO Hasan Ozkan.
Ozkan reported on November 19 that the company's first mini-commercial electric vehicle, which will have a 19.2 kWh lithium iron phosphate battery, due to arrive in the second half of 2024.
Several other Turkish steel companies have also focused on electric vehicle production in recent years.
One of The country's largest steel producers, Habas, also plans to produce electric buses at its Manisa plant, as well as hybrid and electric vehicles at its acquired Honda plant in Gebze, near Istanbul.
Electric vehicle sales in Turkey recently has grown significantly, up 890% year-on-year to 48,883 units in the first 10 months of 2023, since its first domestic electric vehicle maker Togg began sales in April.
Platts, part of S&P Global Commodity Insights last priced domestic Turkish HRC at $650/t EXW on November 17, up $20/t week on higher import scrap prices.
