Automotive Industry
- Business
BMW Group Sets New Sales Record in 2023, Shifts Focus to Electric Future
The BMW Group has set a new sales record in 2023, with its brands BMW, Rolls-Royce, and BMW Motorrad all…
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Dozens of imported Chinese cars stuck at customs
Some 600 cars imported from China are stuck at Turkish customs as new regulations regarding electric vehicles came into force…
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6 provinces constituted the majority of Turkiye’s automotive exports
In 2023, when the Turkish automotive industry broke an all-time record with $35 billion, 90% of the exports were made…
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Exports in Ankara reached $12.3 billion in 2023
Exports from Ankara last year increased by 5.9% compared to 2022, reaching $12.3 billion. According to the information compiled from…
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China’s BYD overtakes Elon Musk’s Tesla for most EV sales
US car maker Tesla has lost its crown for most sales of all-electric vehicles to Chinese firm BYD, which has…
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Turkiye: Automotive industry made the most exports in 2023
The automotive industry was the sector with the highest exports last year with $35 billion 4 million 230 thousand. According…
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IFC Partners with Karsan to Help Drive Electric Vehicle Production, Exports in Turkiye
€35 million to boost electric vehicle (EV) production, increase competitiveness Will support Türkiye in becoming an EV regional hub while…
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Turkiye among Europe’s top 10 EV markets
With more than 60,000 electric vehicles sold this year and sales leaping nearly 870 percent, Türkiye is presently ranking eighth…
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Foxconn makes most of the world’s iPhones. Now its CEO wants to make EVs
Certainly, Young Liu has heard the auto industry cliche that modern vehicles are “iPhones on wheels.” Cars and SUVs are…
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