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Automotive Exports - August 2025

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Automotive Exports August 2025

Electric, hybrid cars make up nearly 45% of Turkish market

The share of electric and hybrid cars in the Turkish market rose to nearly 45% in the first half of the year, according to a report citing industry data.

1 mins

BYD plans to manufacture several models at plant in Türkiye

Chinese automotive giant BYD, which agreed upon a huge factory investment in Türkiye also plans to make the country a center of its future technologies and innovation while producing several models, according to the company's top executive.

2 mins

Togg continues to lead Türkiye's EV market in first half of 2025

Türkiye's first electric vehicle maker, Togg, preserved the status of the leader in the domestic EV market in the first half of the year with over 17,000 sales, according to a report.

2 mins

Renault books $11.2B loss on stake in struggling

Renault said it was booking a massive 9.5 billion euro ($11.2 billion) loss as it shifts how it treats its stake in struggling Japanese partner Nissan in its accounts.

1 mins

Türkiye to ramp up public use of domestic car Togg

Efforts have been launched to increase the public sector's use of Türkiye's domestically produced and nationally developed car, Togg.

1 mins

Auto industry eyes growth in 2025 despite challenges

Türkiye's automotive sector is poised for a stronger year in both production and exports, according to Cengiz Eroldu, president of the Automotive Manufacturers Association (OSD).

1 mins

Ford, GM report sales jump on pre-tariff consumer surge

Detroit auto giants General Motors and Ford reported increased U.S. car sales in the second quarter as consumers fast-forwarded purchases ahead of U.S. tariffs.

1 mins

Turkish exporters could see benefit in stronger euro

Turkish exporters see the rise in the euro/U.S. dollar exchange rate as a potentially beneficial development, an expert opined recently, while the uncertainties over the independence of the Federal Reserve (Fed) continued to fuel concerns.

1 mins

Chinese EV company BYD to expand European operations with high-tech investments

Chinese electric vehicle (EV) giant BYD is stepping up its expansion in Europe by setting up a new regional headquarters in Hungary, a move that is expected to produce 2,000 new jobs, the Hungarian government announced.

1 mins

China's Baidu to launch driverless cars on Uber in Asia, Mideast

Chinese tech giant Baidu plans to roll out its driverless cars on ride-hailing app Uber in Asia and the Middle East this year, the two companies announced.

1 mins

Europe drives Türkiye's auto sector to record June exports

Türkiye's automotive sector achieved its best June exports ever, according to industry data, fueled by a major increase in sales to Europe despite uncertainty over tariffs imposed by the United States.

2 mins

Updating customs union with EU ‘not choice but necessity’

Updating the decades-long customs union with the European Union is not a choice but a necessity, a top economy official said, renewing the call for the modernization of the pact.

4 mins

China to curb EV price wars as oversupply sparks industry alarm

The Chinese government is signaling enough is enough when it comes to the fierce competition in the country's electric car market.

3 mins

Renault expands Türkiye operations with Boreal SUV production

French automaker Renault announced plans to manufacture its new SUV model, the Renault Boreal, at its joint facility in Bursa, Türkiye, marking the second major phase of a 400 million euro investment partnership with Turkish conglomerate OYAK.

1 mins

Tesla vehicle deliveries drop 13.5% in Q2

Tesla reported a sharp year-on-year decline in global vehicle deliveries for the second quarter, with numbers falling 13.5% to 384,122 units, the company said. The numbers indicate that the new version of the Model Y, a midsize SUV available to customers since March, has yet to provide a boost in sales.

1 mins

EU unveils 2040 climate target, includes carbon credits in goal

The EU officially unveiled its long-delayed target for cutting greenhouse gas emissions by 2040, but came up with contested new flexibilities and room to maneuver to win over the most sceptical member states.

2 mins

Türkiye has alternatives if Hormuz Strait closes

Türkiye would not face immediate disruptions if the Strait of Hormuz were closed, thanks to alternative energy supply routes from Iraq, Azerbaijan and Russia, Transport and Infrastructure Minister Abdulkadir Uraloğlu said.

2 mins

Türkiye to connect Africa to global trade corridors with new pacts

Türkiye will connect seven African countries to the Development Corridor Project and the Middle Corridor trade route through recently signed memoranda of understanding (MoUs) at a transport forum held in Istanbul.

1 mins

Türkiye eyes top 10 in maritime trade with its merchant fleet

Türkiye aims to rank among the world's top 10 maritime trade nations with its domestic merchant fleet, Transport and Infrastructure Minister Abdulkadir Uraloğlu told Anadolu Agency.

2 mins

2025 investment plan targets industry, green energy and digital economy

Türkiye’s Investment Environment Improvement Council (YOIKK) has released its 2025 Action Plan, outlining legal and structural reforms to improve the country’s investment climate, with a strong focus on industrial transformation, green energy, digital economy and regional competitiveness.

1 mins

Daimler Truck to cut 5,000 jobs as German auto woes roll on

German heavy-goods vehicle group Daimler Truck said that it would cut around 5,000 jobs by 2030 in the latest sign of woe for Germany's beleaguered automotive industry.

1 mins

“Türkiye's New Car Tax: Winners & Losers

Following the implementation of a new Special Consumption Tax (ÖTV) regulation on July 24, 2025, the Turkish automotive sector has seen significant price adjustments. This article analyzes how these revised tax brackets affect both new and used car prices, in comparison with European taxation models.

1 mins

Hitachi energy invests $70M transformer manufacturing facility

Hitachi Energy announced a $70 million investment to expand its transformer manufacturing operations in Türkiye's Kocaeli by establishing a new production facility. The move is part of the company's broader effort to meet accelerating demand for reliable, sustainable energy infrastructure across Türkiye, Europe, and Asia, the company stated.