Turkey's Hyundai Assan, a joint enterprise between the carmaker Hyundai and Turkey's Kibar said on Wednesday: * It will invest $75 million and begin production of the i20 model in 2010 in the city of Izmit. * It will make 80,000 units a year, 70,000 of which will be for export to Europe. * Expects to earn 500 million euros a year from exports. (Reporting by Tolgahan Ozkan)