Market Fact

  • On March 16 2022, Ford announced a $2.4 billion investment for an electric vehicle and battery factory in Kocaeli, Turkey. This investment in Turkey’s automotive industry in Turkey will be the largest commercial vehicle production hub for Ford of Europe. New investments are expected to increase the need for related technologies used in these manufacturing facilities and increase the demand for OEM and aftermarket EV auto parts and accessories.
  • Location: Kocaeli, Türkiye
  • In Turkey, there are currently around 48,000 hybrid and 2,000 electric vehicles, alongside approximately 800 charging stations. Anticipated exponential growth in the electric vehicle market is foreseen with new investments and the initiation of domestic electric vehicle production. The current export potential to Turkey encompasses battery modules, electric vehicle engines, battery control units, battery module control units, electric vehicle sensors, on-board battery chargers, and drive train systems.

    Furthermore, the mobility market in Turkey is poised to reach $90 billion by 2030. The promising future of shared mobility in Turkey is underscored by municipal investments in e-bikes, bike-sharing systems, and e-scooters.

  • https://www.trade.gov/market-intelligence/turkey-automotive-smart-mobility
  • 16th of November