Page 15 - RusRPTAug24

bne August 2024 Companies & Markets I 15
Investment
Electric vehicle (EV) charging stations
Electric vehicle (EV) charging stations
Electric vehicle (EV) sales services
Electric vehicle (EV) charging stations
Capacity
200 stations (Siemens/Frankfurt/SIE)
2,000 stations
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Network
Location
Turkey
Turkey
Istanbul
Turkey
On July 4, Erdogan met with his Chinese counterpart Xi Jinping on the sidelines of a Shanghai Cooperation Organization summit in Kazakh capital Astana.
In H1, EV sales in Turkey leapt 176% y/y to 39,405 units. Turkey’s government-run Togg, known as the Erdogan regime’s ‘native and national’ car project initiative, delivered 13,021 cars in the period, while Tesla Inc (Nasdaq/TSLA) sales amounted to 3,082 and BYD sold 1,426 vehicles.
Additionally, Germany-based Audi AG, Germany-based BMW (Frankfurt/BMW), Mini Cooper SE, Citroen (Stellantis/ Milan/STLA), Peugeot (Stellantis/Milan/STLA), Hyundai (Seoul/005380), Jaguar Land Rover, Kia (Seoul/000270), Germany-based Mercedes-Benz (Frankfurt/DAI), Porsche (Frankfurt/P911) Taycan, Renault (Paris/RNO) Zoe,
Seres (Shanghai/601127) 3, Skywell (China) ET5, Subaru (Tokyo/7270) Solterra and Volvo (Stockholm/VOLV-B) offer EV sales in Turkey.
A total of 577,981 vehicles were sold in Turkey, marking a 3.7% y/y increase, in the first six months of the year.
In 2023, the local EV market expanded by 833% y/y, with sales amounting to 72,179, accounting for 7.5% of all vehicle sales in the country.
A signing ceremony was held in Istanbul for the plant, which will have an annual capacity of 150,000 units. / bne IntelliNews
“A total of 577,981 vehicles were sold in Turkey, marking a 3.7% y/y increase, in the first six months of the year.”
Manisa
Turkey
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Turkey
Turkey
Electric vehicle (EV)
Electric vehicle (EV)
Electric vehicle (EV)
Electric vehicle (EV)
Electric vehicle (EV)
charging stations
battery plant
charging stations
charging stations
0.15mn/year
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Network
Network
www.bne.eu