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Prime Minister Shehbaz Sharif said the Islamabad MoU takes immediate effect, with Iran reopening the Strait of Hormuz and the US lifting its naval blockade ahead of Friday's official signing ceremony in Switzerland.Fidan told the prestigious MGIMO university — which counts Russian Foreign Minister Sergey Lavrov among its alumni — that the honor recognized the deep bond between Türkiye and Russia, calling diplomacy the only effective tool for resolving regional disputes amid shifting global power dynamics and warning against strategic miscalculation during the transition to a multipolar order.Türkiye's national team is focused on securing a crucial victory against Paraguay in its second Group D match as it seeks to recover from an opening defeat to Australia. Goalkeeper Uğurcan Çakır said "the first match was not a final" and the team still has six points to play for.President Recep Tayyip Erdogan said he welcomes the agreement reached between Washington and Tehran as an important development for regional stability, urging all parties to refrain from rhetoric and actions that could escalate tensions until the official signing ceremony scheduled for June 19 in Switzerland.Iran's Supreme Leader Mojtaba Khamenei declared on Monday that Israel's "shaky Zionist regime" has only a limited time remaining, his remarks coming amid a sharp escalation that saw Tehran launch missiles at northern Israel and Israeli warplanes strike multiple Iranian cities including the capital.

Prime Minister Shehbaz Sharif said the Islamabad MoU takes immediate effect, with Iran reopening the Strait of Hormuz and the US lifting its naval blockade ahead of Friday's official signing ceremony in Switzerland.Fidan told the prestigious MGIMO university — which counts Russian Foreign Minister Sergey Lavrov among its alumni — that the honor recognized the deep bond between Türkiye and Russia, calling diplomacy the only effective tool for resolving regional disputes amid shifting global power dynamics and warning against strategic miscalculation during the transition to a multipolar order.Türkiye's national team is focused on securing a crucial victory against Paraguay in its second Group D match as it seeks to recover from an opening defeat to Australia. Goalkeeper Uğurcan Çakır said "the first match was not a final" and the team still has six points to play for.President Recep Tayyip Erdogan said he welcomes the agreement reached between Washington and Tehran as an important development for regional stability, urging all parties to refrain from rhetoric and actions that could escalate tensions until the official signing ceremony scheduled for June 19 in Switzerland.Iran's Supreme Leader Mojtaba Khamenei declared on Monday that Israel's "shaky Zionist regime" has only a limited time remaining, his remarks coming amid a sharp escalation that saw Tehran launch missiles at northern Israel and Israeli warplanes strike multiple Iranian cities including the capital.

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'Turkey aims to be top electric vehicle producer'

16:21, 16/03/2021, TuesdayU: Update: 16:23, 16/03/2021, Tuesday

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'Turkey aims to be top electric vehicle producer'

Turkish President Recep Tayyip Erdogan

Ford's new investment to expand Turkey's battery production capacity, President Erdogan says

Turkey will be the largest commercial electric vehicle producer thanks to a major automotive firm's new investment in Turkey, President Recep Tayyip Erdogan said on Tuesday.

Turkey's battery production capacity will expand by 130,000 units with the new investment of Ford Otosan -- a joint venture of Turkish Koc Holding and Ford -- Erdogan stressed during an event in the capital Ankara.

Turkey-based automotive firm Ford Otosan will open its battery assembly factory for electric vehicles in 2022 in the country's industrial province of Kocaeli.

The government has provided various incentives to businesses to make the private sector the engine of the country's development, Erdogan said.

Staying on top as Turkey's leading export sector, the automotive industry's exports in 2020 exceeded $25 billion amid pandemic, he noted.

Turkey exported more than 900,000 vehicles to 180 countries across five continents last year, Erdogan said, adding: "This momentum we achieved in 2020 enabled us to make a strong start to 2021."

Titles :electric vehicle factory Ford Otosan Recep Tayyip Erdogan Turkey

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