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Private Backers Step Back From Turkey’s Flagship EV Project at €800 Million Valuation

First reported by Bloomberg · 21m ago

The signal ●○○○ Brief pending · reported by Bloomberg, the single source so far

What happened

Turkey’s sovereign wealth fund is buying stakes in Togg from two of the electric carmaker’s original investors, in deals that value President Recep Tayyip Erdogan’s flagship industrial project at $900...

Source description shown. AI brief pending.

Funding EVs

Private Backers Step Back From Turkey’s Flagship EV Project at €800 Million Valuation

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