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Turkish electric vehicle maker Togg achieves over 72% domestic content ratio

Turkish electric vehicle maker Togg achieves over 72% domestic content ratio The International ZEPS 2024 Fair, with Türkiye participating as a partner country, opens its doors to visitors in Zenica, Bosnia and Herzegovina on Oct. 1, 2024. (AA Photo)
By Newsroom
Dec 30, 2024 4:06 PM

Togg, a trailblazer in Türkiye’s electric vehicle (EV) market, reported a 72.18% domestic content ratio to the Ministry of Industry and Technology, meeting the criteria required for all brands.

Forming the core of the country’s mobility ecosystem, Togg reached this milestone just 20 months after its market debut. This figure highlights Togg’s role in strengthening the domestic supply chain as Türkiye works to expand its EV infrastructure and manufacturing capabilities.

Togg
Employees work on a car assembly line at a factory of Togg at the Gemlik Togg Technology Campus, Bursa, northwestern Türkiye, May 17, 2024 (AFP Photo)

In an official statement released on Monday, Togg highlighted its success in building a predominantly Turkish supply chain.

Driven by the mission of delivering ‘more than just a car,’ Togg has sourced its suppliers from within Türkiye, achieving a 72.18% localization rate in the 20 months since its market entry in May 2023. By the end of 2024, Togg reaffirmed its commitment to maintaining this high level of domestic content, meeting the ministry’s standards, and setting a benchmark in the industry.

EVs are anticipated to have a 30% share in the Turkish automotive market in 2025, according to experts. This rapid growth reflects a combination of factors, including advancements in battery technology, increased government incentives, and rising consumer awareness about the environmental benefits of EVs.

The convergence of market expansion and local production initiatives positions Türkiye as a notable player in the global EV sector, reflecting a broader commitment to sustainable development and innovation in the automotive industry.

Last Updated:  Dec 30, 2024 4:32 PM