TOGG

OpenCalais Metadata: Ticker

OpenCalais Metadata: LegalName

Turkey's Automobile Joint Venture Group Inc

Consumers want European, long-range EVs, shows survey

Turkish consumers want to have made-in-Europe, long-range and fast-charging electric vehicles, a survey has shown.

Türkiye's EV market has been expanding fast, with the number of such vehicles on the country's roads soaring more than 3,000 percent over the past year from around 33,000 to 131,217.

Some 20 carmakers sell 40 models of EVs in the Turkish market.

Engineering tests begin on new Turkish electric fastback sedan

Turkish electric car producer Togg said Thursday that engineering tests have begun on its fully electric fastback sedan at accredited centers in Türkiye and abroad.

The company is working tirelessly to bring the car, which was previewed on Dec. 27 and introduced under the name T10F, to users, said Togg's Chief Executive Officer Mehmet Gürcan Karakaş.

Electric vehicle sales expected to almost double this year

The size of Türkiye's electric car market is expected to nearly double this year as sales are forecast to reach 120,000 units.

Last year, 72,179 EVs were sold in the country, pointing to an 833 percent increase from 2022, which made Türkiye the fastest-growing EV market in Europe. In terms of the number of EV sales, Türkiye ranked 8th in Europe.

Auto sales reach record 1.23 million last year

Türkiye's auto market expanded more than 57 percent last year from 2022, with passenger cars and light commercial vehicle sales hitting an all-time high of 1.23 million.

From January to December 2023, a total of 967,342 passenger cars were sold in Türkiye, marking a robust 63.2 percent increase from the previous year.

Togg to produce 1 mln vehicles by 2032: Minister

Türkiye's first electric carmaker Togg will produce a total of 1 million vehicles by 2032, Industry and Technology Minister Fatih Kacır has said.

Some 97 percent of those vehicles will be sold to consumers while the public institutions will buy the remaining 3 percent, the minister told a group of journalists.

Pages