On March 14, multiple sources reported that the Ministry of Trade of Turkiye is establishing a Venture Capital Investment Fund (VCIF) in cooperation with the " Automotive Industry Exporters Association". The fund plans to invest in startups that need financing and have high growth potential. The aim is to provide cap
On October 24, Uludağ Exporters' Association (UIB) announced that it will establish a Venture Capital Investment Fund to support strategic transformation in the automotive sector in Turkiye. It will support the technologies for intelligence, software, and data for vehicles. The Ministry of Trade of Turkiye will alloc
On September 22, the Ministry of Trade, Turkiye, announced a new regulation regarding the financial obligations imposed on passenger car imports. It is published in the Official Gazette and entered into force. Turkiye will implement an additional financial liability for passenger car imports from countries other than
On August 18, the Minister of Trade, Turkiye, announced that exports from the automotive sector will surpass USD 40 billion in 2025. The country recorded USD 37.2 billion in exports in the automotive sector in 2024. The automotive exports increased by 14% in the first seven months of 2025.
He further stated that ove
On April 21, multiple sources reported that the Minister of Industry and Technology, Turkiye stated that they will announce new automotive investments this year, following Chinese automotive manufacturers BYD and Chery. By 2030, Turkiye aims to produce 1 million new-generation vehicles annually.
Based on multiple sou
On September 27, the President of Turkey received the President of Chery International, at the Dolmabahçe Presidential Office in Istanbul. Minister of Industry and Technology Mehmet was also present at the meeting.
The government did not provide any additional details about the meeting, but it is anticipated that Ch
On July 26, President Recep Tayyip Erdogan announced a “High Technology Investment Program” called HIT-30 Program. It aims to make Turkey the focal point of high-tech investments by 2030.
Turkey will direct a total of USD 30 billion worth of resources consisting of tax incentives and grant support to high technology
On July 5, the Turkey President, in the Official Gazette, announced "Decision on Amendments to the Decision on the Imposition of Additional Customs Duty on Imports".
It further stated that "Additional financial liability within the scope of this footnote does not apply to imports made by benefiting from customs duty
On June 10, Chery Turkey announced that it respects the Turkish government's decision on tax regulation on Chinese cars and is working to adapt to the changes made.
Chery also announced that it is also working intensively on the feasibility analysis of factory construction and production in Turkey together with the r
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