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MTZ worldwide

The Automotive Industry in Turkey

  • 01-05-2024
  • In the Spotlight
Published in:
Author
Andreas Burkert
Published in
MTZ worldwide | Issue 5/2024

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Excerpt

The article delves into the significant developments in Turkey's automotive industry, driven by President Erdoğan's vision of independence from Europe. Billions of euros are being invested in domestic vehicle production, with a particular focus on electric cars. The Togg T10X crossover SUV, developed and manufactured in Turkey, has received global praise. The article examines the strategic plans and investments behind this transformation, including the establishment of modern production facilities and the development of battery cells. It also discusses the economic impact of these investments, with the automotive industry contributing significantly to Turkey's exports and job creation. However, challenges such as high inflation, currency volatility, and protectionist measures are also addressed. The article provides a comprehensive overview of the strengths and weaknesses of Turkey's automotive industry, making it a must-read for those interested in the future of the sector.
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Title
The Automotive Industry in Turkey
Author
Andreas Burkert
Publication date
01-05-2024
Publisher
Springer Fachmedien Wiesbaden
Published in
MTZ worldwide / Issue 5/2024
Electronic ISSN: 2192-9114
DOI
https://doi.org/10.1007/s38313-024-1934-0

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