Turkish car exports rise amid strategic growth plans
(MENAFN) During the first half of this year, Turkey's automotive industry demonstrated robust performance, achieving exports totaling approximately USD17.7 billion. Data released by the Uludag Automotive Industry Exporters Association highlighted that key European markets including Germany, France, Britain, Italy, and Spain collectively constituted 52.78 percent of Turkey's automotive exports.
Germany led the list of destinations with exports valued at USD2.44 billion, followed closely by France at USD2.07 billion. Britain secured the third position with exports amounting to USD1.94 billion, followed by Italy at USD1.66 billion, and Spain at USD1.23 billion.
In a strategic move to further bolster its automotive sector, Turkey's Industry and Technology Minister, Fatih Kacır, disclosed ongoing negotiations with prominent Chinese electric car manufacturers BYD and Chery. These discussions aim to establish a manufacturing plant in Turkey, which could potentially amplify the presence of Chinese electric vehicles in the European market. Kacır emphasized that such a development would not only facilitate the establishment of car production facilities but also provide distinctive opportunities for Chinese companies to invest in battery manufacturing within Turkey.
The prospective investment aligns with Turkey's broader strategy to strengthen its automotive sector through international partnerships and technological advancements. This initiative underscores Turkey's positioning as a pivotal hub for automotive manufacturing and export, leveraging strategic collaborations to enhance its global market presence and economic resilience.
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