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Türkiye plans to draw on its geographical position and an EU customs deal to entice Chinese investors keen to access European markets tariff-free, as it recently just did with carmaker BYD.

Türkiye plans to draw on its geographical position and an EU customs deal to entice Chinese investors keen to access European markets tariff-free, as it recently just did with carmaker BYD.

On the shores of the Sea of Marmara, a grey and turquoise factory built at breakneck speed is churning out electric cars by the hundreds.

Türkiye is hoping its first major electric carmaker will put the country in the driving seat of the automotive industry.

Carmaker Renault plans to produce new model cars at the Bursa plant with up to 400 million euros of investment together with its local partner Oyak.

The plan foresees the manufacturing of four new models by 2027, including three SUVs.

The number of vehicles registered in Turkey surged 81% in March compared to the same month last year, according to the country's statistics authority on April 20. 

A total of 130,420 new and old vehicles were registered last month, according to TÜİK. 

The overall number of registered vehicles traveling on Turkish roads neared 24.5 million as of this March.

Road motor vehicle registrations in Turkey rose 42.8% year-on-year in February, the country's statistical authority said on March 23. 

A total of 72,902 first- and second-hand vehicles were registered last month, according to the Turkish Statistical Institute (TÜİK).

Compared to the previous month, motor vehicle registration were down by 35.3%.

The number of road motor vehicle registrations in Turkey increased 24 percent year-on-year in January, the country's statistics authority revealed on Feb. 23.

A total of 117,313 first- and second-hand vehicles were registered last month, according to the Turkish Statistical Institute (TÜİK).

Compared to the previous month, motor vehicle registration surged by 37.5 percent.

The number of vehicles registered in Turkey surged by 55% year-on-year in 2020 to surpass 1 million, according to the country's statistics authority on Jan. 26.

The total number of road motor vehicles registered was 24.15 million by the end of last year, the Turkish Statistical Institute announced.

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