vehicle production
- 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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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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Chinese BYD surpasses Tesla in Q4 by delivering nearly 600,000 EVs
However, BYD delivered 1.76M EVs in 2024, slightly behind Tesla, which delivered 1.79M Chinese automaker giant BYD surpassed US rival…
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Turkish Carmakers Face Risks Amid European Auto Market Decline
Troubles in the European auto market are posing risks to Turkish carmakers, according to Cengiz Eroldu, the president of the…
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Tofaş Secures Stellantis Deal to Manufacture 1 Million Vehicles in Türkiye by 2032
Turkish carmaker Tofaş has announced that it signed a deal with Stellantis Europe S.P.A. to produce vehicles in Türkiye. Tofaş…
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Turkiye’s automotive production drops 13.9% in July
Turkish automakers produced over 116,500 vehicles last month, according to sector report Türkiye’s automotive production declined by 13.9% year-on-year in…
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Chinese carmaker says plans underway to build factory in Turkiye
Vehicle producer SWM applies to build plant in Türkiye with 50,000 units of car production capacity annually Chinese vehicle producer…
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Turkiye: Auto production plunges 13 percent in April
Turkish carmakers’ production declined by 13.2 percent in April from a year ago, owing largely to the public holidays in…
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Turkiye: Vehicle production down in January
Turkish carmakers produced a total of 108,482 vehicles last month, marking a 3 percent decline from a year ago, according…
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Carmakers produce some 1.4 million vehicles
Carmakers produced a total of 1.35 million vehicles in January-November, up 11.5 percent from a year ago, data from the…
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