Turkey unveils first fully domestically-produced car in $3.7B bet on electric

Re:Turkey unveils first fully domestically-produced car in $... by rth on Saturday December 28, 2019 @10:20PM (#21903714)

First, 22 billion Turkish lira investment coming from local billionaires/companies according to newspapers, not from states pocket.

The biggest problem of Turkish economy is the lack of gasoline and imported cars. The country pay $20B for gasoline and 76% of the gasoline consumed for cars (remaining percentage for airline and sea vehicles). They import over 500M cars every year. Probably $30B to $40B goes to imported cars (it would be over $100B including taxes)

These issues, makes the negative trade gap in the balance sheet.

Overall, seems producing electric car will help a lot for Turkish economy, and Turkey might pay it's debt very short period by this step.

[ Parent | on HN ]

Re:Turkey unveils first fully domestically-produced car in $... by rth on Monday December 30, 2019 @09:18PM (#21918474)

I can't edit this post anymore, please remove "000" for each number you see here related to imported car stats, gasoline numbers are correct.

[ Parent | on HN ]

Re:Turkey unveils first fully domestically-produced car in $... by sobani on Monday December 30, 2019 @04:30AM (#21912087)

> They import over 500M cars every year.

Turkey has a population of 82M, so this seems unlikely.

[ Parent | on HN ]

Re:Turkey unveils first fully domestically-produced car in $... by rth on Monday December 30, 2019 @09:15PM (#21918466)

Thanks for pointing out, should be "over 500k annually"

[ Parent | on HN ]