during the past years electric vehicles in the automotive industry It is true that Special is in increasing demand Companies from China They have achieved an increasing market share in recent years. Among the countries where these companies planned to invest, Turkey was among the prominent names. The latest news from the sector is hardly encouraging.

Electric car giant called Great Wall, for its investment in Turkey. recently made a new decision. The company announced that it would stop this investment. Frequent regulatory changes in Turkey and rising labor costs were cited as reasons for the decision. In addition Great wallis not the only company negotiating against Turkey.

Great Wall uneasy about frequent regulatory changes

Brands such as Chery, Skywell and MG are also negotiating investments in Turkey. Presidential Investment Agency Manufacturers, who have also engaged in negotiations, expect some investment guarantees and incentives that will make investing attractive. To become the country that exports the most cars and overtake Japan Chinesefollows an aggressive strategy in this market. Years later, with the intense interest in electric models from Chinese manufacturers in Turkey, the automotive industry faced an external shortage. On the other hand, it appears that demand for the sector will enter a period of decline.

Turkiye on the other hand To attract investments to EU countries is having a hard time, but at the same time is trying to protect the domestic car market. Let’s see what changes will take place in the coming period.