The vehicle, named TOGG, is planned to be on Türkiye's roads in 1st quarter of next year, said President Recep Tayyip Erdogan.
Hyundai will soon begin construction of an electric vehicle and battery plant in the state of Georgia, aiming to be the third-largest provider of electric vehicles in the US by 2026.
Tesla is counting on the Model 3 to help the company become profitable on a sustainable basis and transform it from a niche player to a heavyweight in the automobile industry.
The announcement gives a boost to Britain's automotive sector hit this year by Honda and Ford's plans to close factories.
The country's economy minister has warned that carmakers in Europe's powerhouse economy needed to invest billions in electric car technology to avoid losing out to Asian competitors.
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