Automotive Industry
- Turkiye
Turkiye’s Tofas Sees 76% Profit Drop Amid Sales Slump and Export Challenges
One of Türkiye’s leading automakers, Tofas, posted a 76% decline in net profit for 2024, totaling ₺5.2 billion ($144.04 million),…
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Turkiye’s exports to Europe rise despite EU’s recession concerns
Türkiye’s exports to Europe rose 7.1 percent year-on-year in January, totaling $10.3 billion, despite the economic stagnation and recession concerns…
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Türkiye’s Automotive Industry Targets Strong Export Growth in 2025 with EV Boost
The Turkish automotive industry aims to maintain last year’s strong momentum in passenger car exports in 2025 as well, says…
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China’s BYD Targets 50,000 EV Sales in Turkiye, Expands Dealer Network
Chinese BYD, the world’s leading EV maker, aims to sell 50,000 vehicles in the Turkish market this year, according to…
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Turkiye’s Exports to Spain Surge 11.3% in January, Driven by Automotive Industry
Automotive products make up largest portion, as total exports to Spain rise 11.3%, data shows Türkiye’s exports to Spain saw…
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Turkiye’s Electric Vehicle Market Soars as Togg Leads Domestic Sales
The number of electric cars in the country increased by 129.6% in 2024 compared to the previous year and reached…
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Turkiye’s Electric Vehicle Market Surges 130% in 2024, Driven by Togg’s Success
The number of registered electric vehicles (EVs) in Türkiye soared nearly 130 percent to 183,776 in 2024, largely led by…
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Lamborghini Unveils Temerario Hybrid Supercar in Dubai, Targeting Middle East Market
Automobili Lamborghini unveiled the all-new Temerario to Lamborghini customers and media yesterday at the exclusive Dubai venue, the Museum of…
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Chinese EV Makers Eye Turkiye and Morocco Amid Shifts in Global Automotive Production
Chinese electric vehicle (EV) manufacturers are likely to establish new factories in countries such as Türkiye and Morocco, as production…
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Turkiye’s Trade with Balkan Countries Sees 17% Growth in 2024, Romania Leads
Turkish exports to Balkan countries surged approximately 17% yearly to hit $23.4 billion (TL 830.70 billion) in 2024, with Romania…
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