Turkey’s Dogan Trend Otomotiv is on the verge of signing an agreement with China’s SAIC Motor to establish a manufacturing plant in Turkey for combustion and hybrid-engined cars. CEO Kagan Dagtekin revealed this development in response to queries from Reuters. This move coincides with Turkey’s recent decision to impose a 40% additional tariff on vehicle imports from China, effective from July 7. The additional tariff, aimed at protecting the local automotive industry, is set at a minimum of $7,000 per vehicle. Currently, electric and combustion engine vehicle imports from China account for about 8% of Turkey’s local car sales. Dagtekin noted that it would have been preferable if the tariff hikes were aligned with the EU’s upcoming tariff plans on Chinese electric vehicles.
Automotive Manufacturing, International Trade & Tariffs, Hybrid and Electric Vehicles,Turkey, China
https://www.zawya.com/en/projects/bri/dogan-trend-ceo-says-near-deal-with-chinas-saic-on-turkey-car-plant-cswfuqjd