Fri 14 July 2023:

Turkiye and Qatar will launch a joint investment for semiconductor production, the Turkish Industry and Technology Minister said on Friday, Anadolu Agency reports.

“Qatar decided to move its investment for producing 65-nanometer chips to Turkiye. It is projected to be worth over $60 million,” Mehmet Fatih Kacir said at a news conference in the capital, Ankara.

Industry and Technology Minister Mehmet Fatih Kacır speaks to reporters in Gaziantep, Türkiye, July 14, 2023. (AA Photo)

Turkiye is working on accelerating investments in new generation, hybrid and electric vehicles, to boost its export capacity and meet domestic demand, Kacir said.

He said that 1 million units of Turkiye’s first indigenous electric car brand, Togg, will be produced by 2032.

Togg began selling its first model, the T10X, in the domestic market and plans to deliver 20,000 units of electric cars within this year.

Besides the SUV, Togg will manufacture four other models – a sedan, C-hatchback, B-SUV and B-MPV – by 2030. The sedan will follow the mass production of the SUV.

The current production capacity of around 100,000 vehicles per year will reach 175,000 once Togg’s factory reaches total capacity.

President Recep Tayyip Erdoğan has said some 28,000 units would be produced this year. The brand aims to manufacture 1 million vehicles across the five segments by 2030.

Togg plans to begin exports as of 2025, while the initial production will be tailored for the domestic market.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

SOURCE:TURKIYE AND QATARI GOVERNMENTS ARE PLANNING TO LAUNCH JOINT INVESTMENTS IN CHIP MANUFACTURING (independentpress.cc)