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

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

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 million.

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Source: Bloomberg Tech · Opens in new tab