Türkiye gears up for MG car production in collaboration with China

Dogan Holding CEO Caglar Gogus revealed that the company is actively working on plans for MG car production in Türkiye in collaboration with China, marking a significant development in the country’s automotive industry.

Speaking in a live interview on CNBC-e, Gogus expressed optimism regarding Türkiye’s declining inflation and strengthening economic reserves, while outlining the holding’s strategic investments in the energy and automotive sectors.

Economic reserves and inflation outlook

Gogus emphasized the improvement in Türkiye’s economic indicators, highlighting that the efforts to reduce inflation are showing positive results.

“We can say it’s been a tough 1-2 years. The first six months weren’t bad, but the policy to reduce inflation is still ongoing. We see inflation reaching around 43% by the end of the year, which is achievable,” he said.

Gogus also praised the strengthening of reserves, adding, “The strengthening of reserves is also very encouraging.”

MG car production in Türkiye

Among the key announcements during the interview was the plan to collaborate with Chinese manufacturers to produce MG cars in Türkiye.

“MG is an important part of our automotive group. It started well and continues successfully. We are working closely with China on this project,” said Gogus.

Expectations for foreign investors in 2025

Looking ahead, Gogus expressed optimism about foreign investment in Türkiye, though he acknowledged that significant movement in the portfolio market may not occur until 2025.

“International investors are watching closely and find the program successful, but we believe more portfolio movement will happen after 2025,” he said.