Automotive Exports March 2023

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Monthly automotive aftermarket magazine<br />




İstmag Magazin Gazetecilik<br />

İç ve Dış Ticaret Ltd. Şti.<br />

Managing Editor (Responsible)<br />

Mehmet Söztutan<br />

mehmet.soztutan@img.com.tr<br />

Advertising Managers<br />

Adem Saçın<br />

+90 505 577 36 42<br />

adem.sacin@img.com.tr<br />

EDİToR<br />

Mehmet Soztutan, Editor-in-Chief<br />

mehmet.soztutan@img.com.tr<br />

Enes Karadayı<br />

enes.karadayi@img.com.tr<br />

International Marketing Coordinator<br />

Ayca Sarioglu<br />

ayca.sarioglu@img.com.tr<br />

Editor<br />

Yusuf Okçu<br />

yusuf.okcu@img.com.tr<br />

Finance Manager<br />

Cuma Karaman<br />

cuma.karaman@img.com.tr<br />

Digital Assets Manager<br />

Emre Yener<br />

emre.yener@img.com.tr<br />

Technical Manager<br />

Tayfun Aydın<br />

tayfun.aydin@img.com.tr<br />

Design & Graphics<br />

Sami aktaş<br />

sami.aktas@img.com.tr<br />

Accountant<br />

Yusuf Demirkazık<br />

yusuf.demirkazik@img.com.tr<br />

Subsciption<br />

İsmail Özçelik<br />

ismail.ozcelik@img.com.tr<br />


İstmag Magazin Gazetecilik<br />

İç ve Dış Ticaret Ltd. Şti.<br />

Ihlas Media Center<br />

Merkez Mah. 29 Ekim Caddesi No: 11B / 21<br />

Yenibosna Bahcelievler, Istanbul / TÜRKİYE<br />

Tel: +90 212 454 22 22<br />

www.img.com.tr sales@img.com.tr<br />

KONYA:<br />

Metin Demir<br />

Hazım Uluşahin İş Merkezi C Blok<br />

Kat: 6 No: 603-604-605 KONYA<br />

Tel: (90.332)238 10 71 Fax: (90.332)238 01 74<br />



Merkez Mahallesi 29 Ekim Caddesi İhlas Plaza<br />

No:11 A/41 Yenibosna–Bahçelievler/ İSTANBUL<br />

Tel: 0212 454 30 00<br />

www.ihlasmatbaacilik.com<br />

Innovative and competitive<br />

The automotive industry is one of the remarkable “locomotives” of the Turkish<br />

economy. It assembles some of the country’s largest exporters and represents one<br />

of the leading industries. A multitude of enterprises engage themselves in both<br />

production and trading, adding enormous value to the already dynamism of the<br />

automotive industry.<br />

Türkiye's autoparts industry exports are increasing steadily year by year.<br />

It is the only country within the surrounding geographical area to have established<br />

a well-advanced automotive industry. Therefore, the automotive industry is<br />

strategically important both for Türkiye and for the firms that invest in Türkiye.<br />

In order to adapt to the changing competitive environment, companies closely follow<br />

technological developments and continue to invest in innovation and expansion.<br />

With the help of their advanced manufacturing capabilities, they produce prototypes,<br />

use testing facilities, perform CNC-based and conventional machining, engage in<br />

product development, pursue collective R&D activities with foreign and domestic<br />

companies and use CAD-CAM applications during the design process.<br />

The Turkish automotive supplier industry produces almost all types of parts,<br />

innovative components and spare parts such as engines and engine parts, power<br />

train parts and components, brake and clutch parts and components, hydraulic<br />

and pneumatic systems, suspension systems, security systems, rubber and plastic<br />

parts, chassis, frames and parts, casting and forging, electrical equipment and parts,<br />

lighting systems, accumulator batteries, seats etc.<br />

The structure of the automotive industry is changing dynamically, making Türkiye an<br />

alternative suppliers center for global manufacturers.<br />

Our publications remain at the service of those business people seeking to increase<br />

their share in the increasingly competitive automotive markets.<br />

This month, we will participate in Equip Auto Algeria, <strong>2023</strong> to convey the message<br />

of Turkish automotive exporters.<br />

We are convinced that fairs and exhibitions would be instrumental to increase<br />

business opportunities in the automotive industry.<br />

We wish lucrative trade for all participants. We wish Turkish automotive exporters<br />

and their trading business people lucrative business.<br />

automotiveexport<br />


EQUIP AUTO Algeria <strong>2023</strong>-International Trade Show<br />

for <strong>Automotive</strong> Aftersales and Services for Mobility<br />

A trade event bringing together<br />

manufacturers, distributors and repairers<br />

from the automotive market seeking new<br />

products, services and partners, The 16 th<br />


will take place from 13rd to 16th <strong>March</strong><br />

<strong>2023</strong> at the Palais des Expositions of Pins<br />

Maritimes, in Algiers.<br />

The event includes the sectors such<br />

as Automobiles, <strong>Automotive</strong> Parts,<br />

<strong>Automotive</strong> Services, Service Station<br />

Supply, Bicycles, Motorcycles by focusing<br />

mainly on:<br />

Bodywork , Painting Equipment ,<br />

Accessories, Repair – Maintenance,<br />

Troubleshooting- Networks, Washing<br />

Services.<br />

EQUIP AUTO Algeria is the only Algerian<br />

trade fair specialising in automotive<br />

aftersales, repairs and maintenance,<br />

covering both light vehicles and heavy<br />

goods vehicles. EQUIP AUTO ALGERIA,<br />

genuine business generator in the<br />

automotive aftersales and maintenance<br />

ecosystem, your gateway to the North<br />

African market. Meet your future business<br />

and industrial partners at EQUIP AUTO<br />


a visiting public that grows each year,<br />

with an 89% satisfaction rate. Visitors are<br />

distributors, repair professionals and fleet<br />

managers from Algeria, the Middle East<br />

and North Africa.<br />

At the heart of a new expanding<br />

environment of commercial and industrial<br />

dynamism, The EQUIP AUTO ALGERIA<br />

welcomes professional visitors. The visitors<br />

come essentially for the distribution of<br />

trade in import and export.<br />

<strong>March</strong> <strong>2023</strong> 10

<strong>Automotive</strong> market grew 6 percent last year<br />

The combined sales of passenger cars and<br />

light commercial vehicles (LCV) increased<br />

by 6.2 percent in 2022 from the previous<br />

year to more than 780,000.<br />

Passenger car sales grew 5.5 percent<br />

to 593,000, data from the <strong>Automotive</strong><br />

Distributors’ and Mobility Association<br />

(ODMD).<br />

The light commercial vehicle market<br />

expanded by 8.6 percent as a total of<br />

191,000 LCVs were sold in Türkiye last year.<br />

In December alone, total vehicle sales<br />

leaped 85 percent from December 2021 to<br />

reach 115,000.<br />

The ODMD reported that passenger sales<br />

rose by 99.2 percent year-on-year last<br />

month to around 87,000, while the LCV<br />

sales grew 55.2 percent to 28,500.<br />

The combined sales of passenger cars and<br />

LCVs last month were, however, 0.8 percent<br />

lower than the 10-year December average.<br />

In December, 1,519 electric vehicles (EVs)<br />

were sold on the local market. Even though<br />

sales soared 252 percent from the same<br />

month of 2021, EV sales accounted for only<br />

1.8 percent of all vehicle sales in Türkiye.<br />

In the whole of 2022, EV sales amounted to<br />

7,7300, showing an increase of 171 percent<br />

from the previous year.<br />

As domestically produced Togg is preparing<br />

to enter the market this year, electric<br />

vehicle sales are expected to rise to 40,000<br />

in <strong>2023</strong>.<br />

Hybrid vehicle sales grew 30 percent last<br />

year from 2021 to 64,387, accounting<br />

for 11 percent of all vehicle sales, while<br />

in December alone, sales increased 104<br />

percent year-on-year to 8,794.<br />

<strong>March</strong> <strong>2023</strong> 12

The country’s large automotive industry<br />

is optimistic that, despite challenges, it<br />

may increase its export revenues this year<br />

compared to 2022.<br />

The automotive sector aims to generate<br />

$34 billion in exports this year, up from<br />

$31 billion in 2022, said the <strong>Automotive</strong><br />

Industry Exporters’ Association (OİB)<br />

earlier.<br />

The industry managed to increase its<br />

export revenues by 5.7 percent last year<br />

from 2021, even though it faced strong<br />

headwinds, including the troubles in<br />

Europe’s economy, its main export market,<br />

the chip shortage, elevated inflation, higher<br />

energy costs and the looming recession<br />

risks in the global economy, OİB head Baran<br />

Çelik said.<br />

<strong>March</strong><br />

<strong>2023</strong><br />


Mexican states in<br />

hot competition over<br />

possible Tesla plant<br />

Mexico is undergoing a fevered competition among states<br />

to win a potential Tesla facility in jostling reminiscent of<br />

what happens among U.S. cities and states vying to win<br />

investments from tech companies.Mexican governors have<br />

gone to loopy extremes, like putting up billboards, producing<br />

special car lanes or producing mock-ups of Tesla ads for their<br />

states. And there’s no guarantee Tesla will build a full-fledged<br />

factory. Nothing is announced, and the frenzy is based mainly<br />

on Mexican officials saying Tesla boss Elon Musk will have an<br />

upcoming phone call with Mexican President Andres Manuel<br />

Lopez Obrador. The northern industrial state of Nuevo Leon<br />

seemed to have an early edge in the race. It painted the<br />

Tesla logo on a lane at the Colombia border crossing into<br />

Texas last summer, and erecting billboards in December in<br />

the state capital, Monterrey, that read “Welcome Tesla.” The<br />

state governor’s influencer wife, Mariana Rodriguez, was<br />

even shown in leaked photos at a get-together with Musk.<br />

However, Lopez Obrador appeared to exclude the semidesert<br />

state from consideration, arguing he wouldn’t allow<br />

the typically high water use of factories to risk prompting<br />

shortages<br />

there. That set off a competitive scramble among other<br />

Mexican states, like feeding time at a piranha tank. The<br />

governors’ offers ranged from crafty proposals to nearcomic<br />

ones. “Veracruz is the only state with an excess of<br />

gas,” quipped Gov. Cuitláhuac García of the Gulf coast state<br />

of Veracruz, before quickly adding “gas … for industrial use,<br />

for industrial use!” The governor of the western state of<br />

Michoacan wasn’t going to be left out. Gov. Alfredo Ramírez<br />

Bedolla quickly posted a mocked-up ad for a Tesla car<br />

standing next to a huge, car-sized avocado, Michoacan’s most<br />

recognizable product, with the slogan “Michoacan, The Best<br />

Choice for Tesla.”<br />

<strong>March</strong> <strong>2023</strong> 22

Togg to<br />

penetrate into<br />

foreign markets<br />

in two years<br />

The aim is to commence the export of<br />

domestically produced Togg vehicles<br />

in two years after the vehicles are<br />

introduced to the local market, Industry<br />

and Technology Minister Mustafa Varank<br />

has said.<br />

Varank visited Togg’s “Digital Mobility<br />

Garden” at the major CES tech show in<br />

the U.S.<br />

Togg, the country’s first homemade<br />

electric vehicle, will start to collect preorders<br />

in February.<br />

“We will see Togg vehicles on [Türkiye’s]<br />

roads toward the end of <strong>March</strong>. Our<br />

target is to start exporting [Togg] two<br />

years after they are introduced to the<br />

local market,” Varank said.<br />

Works are underway to obtain necessary<br />

permissions for Togg vehicles in several<br />

countries but chiefly in Europe, he added.<br />

“Presently, there is demand [of Togg<br />

vehicles] from the world’s different<br />

regions…from the Middle East, Central<br />

Asia and Europe,” Varank said.<br />

The inauguration of the Togg factory took<br />

place on Oct. 29, 2022, in the Gemlik<br />

district of the industrial province of<br />

Bursa, and the first car rolled off from the<br />

assembly line with a ceremony attended<br />

by President Recep Tayyip Erdoğan.<br />

Togg plans to produce 20,000 C-SUV<br />

vehicles this year, and its plant will initially<br />

have an annual production capacity of<br />

100,000 vehicles but the capacity will<br />

later rise to 175,000 units as Togg starts to<br />

manufacture new models.<br />

Togg has plans to list on a stock exchange<br />

abroad, Gürcan Karakaş, its CEO, said in<br />

November last year.<br />

“Listing our shares has always been part<br />

of our plans. But our primary target is a<br />

stock market listing abroad,” he said at<br />

that time.<br />

“We think we should do that on a large<br />

stock exchange with our share in the<br />

market at that time,” Karakaş said without<br />

providing other details.<br />

The introduction of Togg vehicles is<br />

expected to give a boost to electric<br />

vehicles in Türkiye.<br />

Including new models to be introduced by<br />

other carmakers, electric vehicle sales in<br />

Türkiye are expected to reach 40,000 units<br />

in <strong>2023</strong>, which means the share of EVs in<br />

total vehicle sales will climb to 7 percent.<br />

A total of 7,733 electric vehicles were<br />

sold in Türkiye last year, up 172 percent<br />

from 2021, according to data from the<br />

<strong>Automotive</strong> Distributors’ and Mobility<br />

Association (ODMD). Electric vehicle s<br />

<strong>March</strong> <strong>2023</strong> 26

Şener Oto planning to open to new markets<br />

Şener Oto’s target in <strong>2023</strong> is the North African and South American markets<br />

Executive Board Members<br />

Burak Şener - Tekin Şener<br />

Şener Oto distributes original and subindustry<br />

spare parts for automobiles,<br />

light commercial and heavy vehicles. The<br />

company is one of the leading brands in<br />

the supply of spare parts with its logistics<br />

center located in 5 different cities. Şener<br />

Oto export manager, Burak Şener, gave<br />

information about their <strong>2023</strong> plans.<br />

First of all, could you give some<br />

information about Şener Oto? What<br />

kind of products do you produce for the<br />

automotive industry?<br />

We distribute original and sub-industry<br />

spare parts for automobiles, light<br />

commercial and heavy vehicles in Şener<br />

Oto and its group companies. Our strongest<br />

vehicle groups are Ford and PSA brand<br />

vehicles. We serve with more than 60,000<br />

products in both mechanical and bodywork<br />

product groups. We are an auto spare parts<br />

distributor for 49 years. With more than<br />

400 employees, logistics centers located<br />

in 5 different provinces and 40 sales<br />

representatives in the field, we provide<br />

services to cover all automobile, light<br />

commercial and heavy vehicle brands.<br />

Which brands do you supply for the<br />

automotive industry? Could you tell<br />

us about your cooperation with these<br />

brands?<br />

First of all, we are Ford original spare parts<br />

authorized dealer. We distribute original<br />

spare parts in Turkiye. In addition, we are a<br />

member of Group Auto and we distribute<br />

the most popular global aftermarket<br />

brands. Finally, we sell our Fase and<br />

Recover brands, all rights of which belong<br />

to us, all over Turkiye and to 50 different<br />

countries around the world.<br />

Could you tell us about your export<br />

activities? Which regions and countries do<br />

you export to?<br />

Our focus in exports is all of Turkiye’s<br />

neighbors, Eastern Europe, the Middle<br />

East and North Africa. We participate<br />

in 4 fairs on different continents every<br />

year, including Automechanika Istanbul.<br />

Our annual turnover is 20% export, 80%<br />

domestic market.<br />

How would you evaluate the year 2022 on<br />

behalf of your brand?<br />

2022 has been a productive year for<br />

us. We have increased our business<br />

volume satisfactorily. All over the world,<br />

the pandemic and its aftermath have<br />

significantly increased the logistical<br />

importance of Turkey. We all know how<br />

advanced our country’s opportunities are<br />

in the automotive aftermarket industry. We<br />

use this advantage correctly and increase<br />

our product range every year. At the same<br />

time, we are taking firm steps towards<br />

becoming a more inclusive supplier. In<br />

this sense, 2022 has been a year in which<br />

we have grown in exports by focusing on<br />

professionalization.<br />

What are your goals for <strong>2023</strong>? Will you<br />

have new investment plans and new<br />

market initiations for exports in <strong>2023</strong>?<br />

<strong>2023</strong> is a year with high expectations.<br />

We have the idea of opening a new<br />

logistics warehouse in order to increase<br />

our capacity. In exports, countries such<br />

as Algeria, Egypt and Brazil are our target<br />

markets this year.<br />

How is the worldwide view of our country<br />

in the industry?<br />

As I said, Turkiye has a very serious<br />

potential in the automotive aftermarket<br />

industry. We can see that especially<br />

European countries are aware of this.<br />

Every year, more European and American<br />

spare parts brands are producing products<br />

in Tur. With the right strategy, Turkiye can<br />

take its place among the top players in the<br />

world automotive aftermarket industry<br />

league. From here, I would like to thank<br />

<strong>Automotive</strong> <strong>Exports</strong> magazine for giving us<br />

chance to make our voices heard in global<br />

aftermarket industry.<br />

<strong>March</strong> <strong>2023</strong> 28

Turkish economy likely grew 5.2% in 2022;<br />

quakes curb <strong>2023</strong> outlook<br />

Türkiye’s economy, projected to have<br />

expanded by more than 5% in 2022<br />

according to surveys, is robust but is<br />

somewhat weaker in terms of growth<br />

versus previous years, driven mainly by a<br />

slowdown in demand.<br />

The economy is cooling further this year,<br />

mainly due to devastating earthquakes<br />

that flattened a swathe of Türkiye’s<br />

southeastern region in early February,<br />

which could keep pressure on inflation and<br />

stretch the government’s budget.<br />

The economy lost momentum but<br />

remained buoyant in the second part<br />

of 2022 as a global slowdown dragged<br />

exports. However, the vital tourism sector<br />

helped Türkiye maintain one of the best<br />

performances among G-20 countries.<br />

The gross domestic product (GDP)<br />

expanded by 3.9% year-over-year in the<br />

third quarter, as both domestic and foreign<br />

demand eased, partly due to a slowdown in<br />

the main trading partners that hurt exports<br />

because of the Russia-Ukraine war.<br />

It had bounced back strongly from the<br />

COVID-19 pandemic and grew 7.5% in<br />

the first quarter and 7.7% in the second,<br />

extending its hot streak of strong domestic<br />

demand and exports.<br />

The data, due to be released, is expected<br />

to show that the GDP expanded by 5.2% in<br />

2022, according to surveys by Reuters and<br />

Anadolu Agency (AA).<br />

Estimates in the Reuters poll of 16<br />

economists for 2022 GDP growth ranged<br />

between 5% and 6.2%. The poll also put<br />

change in the fourth quarter at 3%, and<br />

according to the median estimate, between<br />

2.3% and 6.3%.<br />

Expectations of 13 economists in the AA<br />

survey hovered between 5% and 5.4%<br />

for the year, and 2.2% and 4% for the last<br />

quarter.<br />

“Recent short-term trends in sectors of<br />

economic activity indicate that either<br />

decelerating or falling dynamics prevailed<br />

at the end of 2022,” said Eurobank, noting<br />

weakening exports and the fading benefits<br />

of lira devaluation for industry sector<br />

production volume at the end of 2022.<br />

Türkiye’s central bank embarked on a<br />

500-basis-point easing cycle last year to<br />

counter the slowdown.<br />

The government has prioritized low-<br />

<strong>March</strong> <strong>2023</strong> 30

interest rates to boost exports, production,<br />

and investment and produce new jobs as<br />

part of a new economic program. Dubbed<br />

the Türkiye Economy Model, the program<br />

aims to lower inflation by flipping the<br />

country’s chronic current account deficit to<br />

a surplus.<br />

The central bank cut its policy rate<br />

by another 50 basis points to support<br />

growth in the aftermath of the massive<br />

earthquakes that killed more than 44,200<br />

people in southern Türkiye.<br />

The magnitude 7.7 and 7.6 quakes struck<br />

on Feb. 6 and destroyed around 164,000<br />

buildings, containing some 520,000<br />

apartments, in 11 provinces affected by<br />

what is described as the worst disaster in<br />

Türkiye’s modern history.<br />

The GDP growth in <strong>2023</strong> is expected to be<br />

2.8%, based on the median estimate in the<br />

Reuters poll. Predictions ranged from 1.2%<br />

to 3.9%. In a previous survey conducted<br />

in January, the median estimate for <strong>2023</strong><br />

economic growth stood at 3% before the<br />

earthquake. Nine economists in the AA<br />

survey predicted that the economy would<br />

grow by 3.3% in <strong>2023</strong>. Business groups and<br />

economists have said rebuilding could cost<br />

Türkiye up to $100 billion and shave one<br />

to two percentage points off growth this<br />

year. Wall Street bank JPMorgan estimated<br />

the quake’s direct damage to buildings and<br />

infrastructure to be $25 billion.<br />

“The Turkish economy will be affected<br />

by the strong earthquakes ... On the<br />

other hand, due to this adverse event,<br />

extensive packages of support measures<br />

will be taken, giving a boost to the quakehit<br />

regions and the overall economy,”<br />

Eurobank said.<br />

Pressure on inflation, budget<br />

A surge in prices of goods and services,<br />

including food and housing, due to<br />

disruptions caused by the quakes could<br />

keep pressure on the inflation rate, which<br />

may fall in coming months by less than<br />

expected, according to economists.<br />

The consumer price index (CPI) dropped<br />

to around 58% in January, down from the<br />

peak of 85.5% – a 24-year high – registered<br />

last October.<br />

Inflation had been expected to keep<br />

falling to around 35-40% by June, but<br />

due to the earthquake, it could remain<br />

above 40% heading into presidential and<br />

parliamentary elections.<br />

More than two million people are<br />

estimated to have left the southeastern<br />

region, which accounted for close to 10% of<br />

GDP and about 16% of Türkiye’s agricultural<br />

production last year, which could drive<br />

food inflation higher.<br />

The area accounted for 8.5% of Türkiye’s<br />

exports and 6.7% of imports. However,<br />

economists say the quakes are unlikely to<br />

affect Türkiye’s trade balance as exports<br />

and imports are expected to drop.<br />

The quake also gives the government an<br />

additional challenge on the budget, one of<br />

the most substantial areas of the economy.<br />

Economists had estimated that the budget<br />

deficit to GDP ratio for <strong>2023</strong> would be<br />

around 3.5% before the earthquakes, but<br />

predictions are now rising towards 5%.<br />

JPMorgan revised its budget deficit forecast<br />

to 4.5% of GDP for <strong>2023</strong> from a previous<br />

3.5%, drawing attention to increased<br />

spending due to the earthquake.<br />

<strong>March</strong><br />

<strong>2023</strong><br />


Global internet of cars market will top the<br />

$210B mark by 2025<br />

The Internet of Things (IoT) is the most significant technological<br />

development in the 21st century. IoT has brought about a new era<br />

of connectivity. With IoT, devices and machines can communicate<br />

and exchange data, leading to a revolution in the automotive<br />

industry. According to StockApps.com, the global Internet of Cars<br />

market is predicted to exceed $210 billion by 2025.<br />

The Internet of Cars is a networked collection of cars, sensors, and<br />

other devices that are connected to the internet. This technology<br />

helps drivers stay connected while on the road. It allows them to<br />

access real-time traffic information, get notifications about recalls<br />

or repair issues, and even pay for parking using their car.<br />

Edith Reads StockApps’ financial analyst commented on the data.<br />

“The Internet of cars market is experiencing exponential growth<br />

and is likely to continue in the coming days. As the market matures,<br />

new players will enter the space. Innovative and unique firms in<br />

this rapidly evolving market will likely thrive. However, those that<br />

fall behind may struggle to keep up.”<br />

Increasing Demand for Connectivity<br />

There has been an enormous growth in demand for connected cars<br />

recently, and the trend might hold for the coming days. Connected<br />

vehicles have internet access and can link with other devices<br />

and systems. This allows for various services and features like<br />

navigation, entertainment, and safety.<br />

The increasing demand for connected cars can be attributed to<br />

various reasons. There is growing popularity of smartphones<br />

and other mobile gadgets. Besides, there is a rising demand for<br />

digitalization—notably, the desire for better vehicle safety and<br />

security features.<br />

The market for vehicles over the Internet may be expanding due<br />

to technological developments. The automobile business now has<br />

more prospects due to the development of new technologies like<br />

5G networks, AI, and the Internet of Things (IoT).<br />

For instance, 5G networks offer faster and more reliable<br />

connectivity. This is essential for connected cars to function<br />

effectively. Conversely, AI can help cars learn and adapt to their<br />

environment, making them more efficient and safer to drive.<br />

The IoT, meanwhile, allows cars to communicate with other devices<br />

and systems. This makes it easier to manage and control various<br />

functions and features.<br />

Desire for EVs and Autonomous Machines<br />

The connected and autonomous cars market will expand due to<br />

consumer demand for electrified and autonomous vehicles. Due to<br />

their environmental friendliness and fuel efficiency, EVs are more<br />

widely accepted. Besides, autonomous cars will revolutionize how<br />

we drive and travel. They provide safer, more reliable, and more<br />

convenient transportation solutions.<br />

There is an increasing need for linked automobiles as EVs and<br />

driverless vehicles become popular. EVs’ performance can be<br />

enhanced by connected cars, which will increase their efficiency.<br />

Similarly, they can improve the safety and ability of autonomous<br />

vehicles. The improved safety and comfort will make them more<br />

appealing to consumers.<br />

The automotive industry, however, may face new chances and<br />

difficulties as the market changes. Companies that can adapt and<br />

innovate will likely succeed in this fast-growing sector.<br />

<strong>March</strong> <strong>2023</strong> 34

SOCAR offers free fuel for Türkiye’s disaster<br />

response vehicles<br />

The State Oil Company of the Azerbaijan<br />

Republic’s (SOCAR) Türkiye branch, SOCAR<br />

Turkey, is offering free fuel to emergency<br />

vehicles in five cities affected by the<br />

massive earthquakes in Türkiye’s southeast.<br />

The company stated that it will provide<br />

gasoline and diesel to ambulances,<br />

fire engines, search and rescue<br />

vehicles of the Disaster and Emergency<br />

Management Authority (AFAD) and<br />

other official institutions at selected<br />

stations in Adıyaman, Gaziantep, Hatay,<br />

Kahramanmaraş and Şanlıurfa.<br />

However, they noted they cannot supply<br />

fuel to individual vehicles in the earthquake<br />

area and urged the public to only call the<br />

designated stations to avoid hindering<br />

rescue efforts.<br />

The information on the refueling stations<br />

can be found in the statement made by the<br />

company.<br />

The 7.7 and 7.6 magnitude earthquakes<br />

centered in the Pazarcık and Elbistan<br />

districts of Kahramanmaraş province have<br />

affected 10 provinces in Türkiye’s south.<br />

According to the latest official figures, the<br />

quakes left over 8,000 dead and at least.<br />

<strong>March</strong> <strong>2023</strong> 36

Innovation by Devran Motor to automotive industry<br />

Devran Engine Bearings and Bushings Industry brings innovation to the sector with the new technology<br />

Sputter Bearing (PVD Technology).<br />

Devran Motor Bearings and Bushings<br />

Industry, which has been manufacturing<br />

quality products for the automotive<br />

sector for more than 50 years, produces<br />

spare parts for vehicles in many different<br />

segments, especially automobile,<br />

light commercial, truck, bus, heavy<br />

commercial, tractor, agricultural<br />

machinery. Pointing out that they supply<br />

spare parts to more than 100 countries,<br />

mainly in Europe, Asia and Africa, Murat<br />

Tetikli, General Manager of the company<br />

announced that they have brought<br />

innovation to production with the<br />

Sputter engine bearing technology.<br />

“We continue to add innovation to the<br />

industry”<br />

Expressing that their aim is to bring<br />

innovation to the sector in line with<br />

their own principles, Tetikli said, “We<br />

are honored to serve the Defense<br />

Industry of the Republic of Turkey,<br />

which is celebrating its centennial.<br />

We are pleased to introduce Sputter<br />

technology to our country in <strong>2023</strong>.<br />

Our company, which makes a hundred<br />

percent domestic production, brought<br />

the powdering technology to our country<br />

about 20 years ago. This year, we bring<br />

Sputter technology to the industry and<br />

Turkey.”<br />

Saying that they have developed in<br />

production with technology recently,<br />

Murat Tetikli said about the new PVD<br />

technology: “Today, with the developing<br />

technology, the fuel of diesel engines<br />

has decreased and their power has<br />

increased. The increase in cylinder<br />

pressure is one of the main reasons for<br />

this. With the increasing pressure, the<br />

strength of the bimetal and trimetal<br />

bearings in the engine decreased. As<br />

Devran Motor Bearings and Bushings<br />

Industry, we are trying to bring<br />

innovation to the sector with our solid,<br />

durable and continuous principles. That’s<br />

why we started to produce new engine<br />

bearings with our newly developed<br />

‘Physical Vapor Deposition’ (PVD)<br />

method. Sputter is a coating technique.<br />

With this technology, a thin layer is<br />

formed by spraying the finest particles<br />

with gas atoms with a positive charge<br />

in a vacuum environment and spraying<br />

them onto the negatively charged<br />

surface.”<br />

<strong>March</strong> <strong>2023</strong> 38

Devran Motor will grow in <strong>2023</strong><br />

General Manager Murat Tetikli, who<br />

also gave information about the other<br />

works they will do in <strong>2023</strong>, concluded<br />

his words as follows: “This year, as<br />

Devran Motor Bearings, we have added<br />

innovation to our industry with Sputter<br />

technology. We are in cooperation<br />

with serious companies in the Turkish<br />

automotive sector with OEM (Original<br />

Equipment Manufacturer) products. Our<br />

target in <strong>2023</strong> is to increase the market<br />

value by growing continuously. With our<br />

new production lines, we aim to move<br />

towards more exports. We will improve<br />

our technology and ensure the continuity<br />

of product and service standards.<br />

We want to carry this consciousness to<br />

future generations. On this occasion, we<br />

celebrate the 100th Anniversary of your<br />

Republic and commemorate its founder,<br />

Mustafa Kemal Atatürk, with love and<br />

respect.<br />

<strong>March</strong><br />

<strong>2023</strong><br />


Turkish Technic to provide free maintenance for<br />

global airlines flying to quake zone<br />

Turkish Technic, the maintenance, repair and overhaul arm<br />

of flag carrier Turkish Airlines (THY), has started providing<br />

maintenance services without labor charges to international<br />

airlines flying to Türkiye’s earthquake-hit southeastern region to<br />

render help.<br />

Over 42,000 people were killed by the back-to-back quakes in<br />

southeastern Türkiye on Feb. 6, according to the latest official<br />

figures. Thousands of others were injured.<br />

The magnitude 7.7 and 7.6 earthquakes, centered in the<br />

Kahramanmaras province, affected more than 13 million people<br />

across 11 provinces, including Adana, Adıyaman, Diyarbakır,<br />

Gaziantep, Hatay, Kilis, Malatya, Osmaniye, Elaziğ and Şanlıurfa.<br />

In response to the devastating earthquakes, aid and support<br />

have poured in from around the world.<br />

Including the United States, Germany, the Netherlands, Libya,<br />

Vietnam and China, Turkish Technic has so far serviced airlines<br />

from over 10 countries that carried humanitarian aid and search<br />

and rescue teams to the earthquake zone.<br />

Ahmet Bolat, Turkish Technic’s chair, said: “As the flag carrier, we<br />

are working closely with our affiliates and utilizing any resources<br />

available to help our nation recover from the devastating<br />

earthquake.”<br />

“Even in difficult conditions, we will show Turkish hospitality and<br />

be grateful for every step taken to help,” he said.<br />

<strong>March</strong> <strong>2023</strong> 42

Ford, LG Energy,<br />

Koç Holding<br />

team up for<br />

Turkish battery<br />

cell plant<br />

Ford, LG Energy Solution (LGES) and<br />

Turkish conglomerate Koç Holding have<br />

signed a nonbinding agreement to form<br />

a joint venture (JV) to establish one of<br />

Europe’s biggest electric vehicle battery<br />

cell facilities in Türkiye, the companies<br />

said. The agreement comes after South<br />

Korean electric vehicle maker SK On, a<br />

unit of SK Innovation Co. Ltd, withdrew<br />

from the joint venture in which it was<br />

meant to be a partner under a deal<br />

agreed last year. The new joint venture,<br />

which will be located in an organized<br />

industrial zone near Ankara, is expected to<br />

break ground later this year, with battery<br />

cell production set to begin in 2026.<br />

The three parties committed to at least<br />

25 gigawatt-hours (GWh) of annual<br />

production capacity, which could<br />

potentially expand up to 45 GWh.<br />

By 2035, Ford in Europe is on track to<br />

offer an all-electric fleet of vans and<br />

passenger vehicles.<br />

“Ford continues to ramp up our electric<br />

vehicle plans as we scale to be a leader<br />

in the electric vehicle revolution. We are<br />

delivering on the commitment to produce<br />

batteries in the same region where we<br />

build electric vehicles. Establishing the<br />

new joint venture with LGES and Koç<br />

Holding will lay a solid foundation that<br />

is fundamental to building a thriving<br />

electric vehicle future for Ford in Europe,”<br />

said Lisa Drake, vice president of Ford EV<br />

Industrialization.<br />

The automobile manufacturer has a longstanding<br />

business relationship with LG<br />

and Koç Holding.<br />

Ford and LG worked together for over a<br />

decade, with LG most recently supplying<br />

batteries from its plant in Poland for the<br />

Ford Mustang Mach-E and E-Transit.<br />

Ford and Koç Holding have a partnership<br />

that stretches back almost a century and<br />

includes the successful Ford Otosan joint<br />

venture, now over 60 years old.<br />

“Our longtime business relationship with<br />

Ford is the result of our commitment<br />

<strong>March</strong> <strong>2023</strong> 44

to deliver unmatched product<br />

competitiveness, stable yields and global<br />

operational expertise, made possible by<br />

our extensive knowledge accumulated<br />

through pre-emptive investments in<br />

global markets,” said Youngsoo Kwon, CEO<br />

of LG Energy Solution.<br />

“Now joining forces with Ford and Koç<br />

in Türkiye, we will bring in our leading<br />

battery technology to further boost the<br />

EV transition in Europe, leading the global<br />

initiatives for a more sustainable future.”<br />

“We deeply feel the pain of the terrible<br />

earthquake disaster that occurred on<br />

Feb. 6. As Koç Group, we mobilized all<br />

our resources for our country. We believe<br />

that investments such as this major one<br />

will play a crucial role in overcoming this<br />

extraordinarily difficult period. In this<br />

respect, we underline our determination<br />

to implement this investment facility<br />

with two global companies which will<br />

bring our country a significant global<br />

competitive advantage in the automotive<br />

industry. We express our condolences<br />

to our nation and truly believe that we<br />

will overcome these difficult times with<br />

unity and solidarity,” Koç Holding said in a<br />

statement.<br />

“As Europe’s leading commercial vehicle<br />

brand for the past eight years, we want<br />

to continue providing our customers<br />

with the most efficient and innovative<br />

vehicles supporting their business goals<br />

through our Ford Pro vehicle services<br />

and distribution business. This new<br />

battery joint venture is a prime example<br />

of how we are leveraging our strategic<br />

business relationships to strengthen our<br />

business.”LG Energy Solution, which has<br />

the largest global battery manufacturing<br />

network in the world, currently has a total<br />

annual production capacity of 200 GWh.<br />

The company plans to increase capacity to<br />

300 GWh by the end of the year.<br />

<strong>March</strong><br />

<strong>2023</strong><br />


The Little Car Company to launch special<br />

edition ‘Pacco Gara’ Ferrari Testa Rossa J<br />

The Little Car Company, in partnership<br />

with Ferrari, has launched a special edition<br />

of the Ferrari Testa Rossa J to further<br />

celebrate the racing history of the marque.<br />

The Ferrari Testa Rossa J is a fully electric<br />

75% scale reproduction of the legendary<br />

250 Testa Rossa, which powered Ferrari to<br />

Le Mans glory three times.<br />

Like the original Ferrari Testa Rossa J,<br />

The Little Car Company and Ferrari have<br />

worked in close collaboration to curate<br />

and handcraft this unique special edition.<br />

Ensuring that the Pacco Gara meets the<br />

supreme standards of the Ferrari moniker,<br />

The Little Car Company has continued its<br />

close relationship with the engineers at<br />

Maranello, with the Ferrari team even<br />

selecting the Pacco Gara name.<br />

The Pacco Gara special edition will bring a<br />

range of upgrades to accentuate the racing<br />

DNA of the Testa Rossa J. The addition of<br />

a racing roll cage offers extra protection<br />

for those drivers wishing to enjoy their<br />

Testa Rossa J in racing environments. A<br />

bolt-on modification, the roll cage will be<br />

removable, offering clients the freedom<br />

to alternate the appearance of their Testa<br />

Rossa J.<br />

Ferrari enthusiasts and collectors will<br />

appreciate the finer details as they step<br />

into the cockpit. The Pacco Gara offers a<br />

Sabelt racing harness for a true racing feel<br />

and is bolted to the chassis and rollhoop.<br />

Another nod to Ferrari’s monumental<br />

racing pedigree, Sabelt harnesses are also<br />

used on the Scuderia’s F1 cars – a further<br />

invitation to drive the Testa Rossa J like the<br />

original was intended to be driven. And<br />

true to the original 250 Testa Rossa, an<br />

additional exterior mirror has been fitted to<br />

the driver’s side, along with period-correct<br />

spotlights.<br />

Bringing drivers closer to the feel of the<br />

original, the addition of adjustable dampers<br />

and brake bias enables them to tune the<br />

balance of their Testa Rossa J. Offering<br />

a more flexible and personal driving<br />

experience, the addition of the adjustable<br />

features will only increase the immersive<br />

and invigorating nature of the Ferrari Testa<br />

Rossa J.<br />

Ensuring accuracy with the original vehicle,<br />

a tonneau cover over the passenger side<br />

has also been incorporated, in the same<br />

Ferrari leather as the interior of the car,<br />

which is offered in either red or black.<br />

Underneath the glorious aesthetic<br />

upgrades are a variety of performance<br />

enhancements that offer more power<br />

and give the driver of the Testa Rossa J an<br />

enriched racing experience. These discrete<br />

changes include drilled brake discs, and a<br />

quicker ratio steering rack, all creating a<br />

more responsive and track-focused car.<br />

The biggest performance enhancement in<br />

the Pacco Gara edition of the Ferrari Testa<br />

Rossa J is its increased power to 14kw.<br />

Purely a software upgrade, this will take the<br />

Testa Rossa J from 16bhp to 19bhp. With<br />

the original 250 Testa Rossa a racing icon,<br />

a boost in power edges the Testa Rossa J<br />

closer to that inimitable performance.<br />

“The Ferrari Testa Rossa J is a modern<br />

reimagining of not only one of motorsport’s<br />

most iconic racers, but also one of the<br />

most important cars of the 20th century.<br />

As we launch the new special Pacco Gara<br />

edition of the Testa Rossa J, a fine example<br />

of our close collaboration with the team<br />

at Ferrari, we have given it a racing boost,<br />

with exciting advancements to both<br />

the aesthetic of the car, and the overall<br />

performance,” said Ben Hedley, CEO, The<br />

Little Car Company.<br />

“Our team has worked meticulously to<br />

ensure that each new feature of the Pacco<br />

Gara enhances the driving experience of<br />

the Testa Rossa J. Every element of the<br />

Pacco Gara has been developed with, and<br />

signed off by, the team at Maranello and<br />

is focused on paying homage to one of<br />

history’s great racers, while also offering<br />

drivers a substantial, tangible taste of what<br />

it feels like to be behind its wheel. And<br />

for a car as uniquely thrilling as the Pacco<br />

Gara Testa Rossa J, it is only right that its<br />

public unveiling is in a location equally as<br />

stimulating: the International Concours<br />

of Elegance at St Moritz. Between 24-25<br />

February, the Pacco Gara Testa Rossa J will<br />

be on display (and available to test drive) in<br />

the stunning snow,” added Hedley.<br />

<strong>March</strong> <strong>2023</strong> 48

Mercedes-Benz unveils Google partnership for<br />

cars with ‘supercomputers’<br />

Mercedes-Benz said it has teamed up with<br />

Google on navigation and will offer “super<br />

computer-like performance” in every<br />

car with automated driving sensors as it<br />

seeks to compete with Tesla and Chinese<br />

newcomers.<br />

Carmakers are racing to develop<br />

software systems with tech companies<br />

that customers will recognize. But car<br />

companies also want to keep control over<br />

their customer relationships and valuable<br />

data generated by their cars.<br />

“Every single Mercedes from that point<br />

forward will have a supercomputer in it,”<br />

Chief Executive Ola Kaellenius said at an<br />

event in Sunnyvale, California, referring to<br />

the mid-decade launch of its new operating<br />

system MB.OS.<br />

The carmaker generated over 1 billion<br />

euros ($1.06 billion) from software-enabled<br />

revenues in 2022 and expected that figure<br />

to rise to a high single-digit billion euro<br />

figure by the decade’s end.<br />

This is a more conservative estimate as a<br />

proportion of total revenue than others like<br />

Stellantis, and General Motors have put<br />

forward.<br />

“We take a prudent approach because no<br />

one knows how big that potential pot of<br />

gold is at this stage,” Kaellenius said.<br />

Vehicles on Mercedes’ upcoming modular<br />

architecture platform will have so-called<br />

hyper screens extending across the car’s<br />

cockpit and a comprehensive set of sensors<br />

for automated driving, Kaellenius said.<br />

Mercedes-Benz is moving from a<br />

patchwork approach of integrating<br />

software from a range of suppliers to<br />

controlling the core of its software. But<br />

the company emphasized that its strategy<br />

was to work with partners like Nvidia<br />

for autonomous driving and Google for<br />

navigation.<br />

Under the Google partnership, Google<br />

Maps will be Mercedes-branded and<br />

provide drivers with Google traffic<br />

information, automatic rerouting, and<br />

the ability to watch YouTube on the cars’<br />

entertainment system when the vehicle is<br />

parked or in Level 3 autonomous driving<br />

mode. Level 3 driving, for which Mercedes-<br />

Benz has received certification in Germany<br />

and Nevada in the United States, allows<br />

drivers to take their eyes off the wheel on<br />

certain roads as long as they can resume<br />

control if needed.<br />

Google and Mercedes-Benz also agreed<br />

to explore further collaboration with<br />

Google Cloud data and artificial intelligence<br />

capabilities.<br />

Other carmakers like General Motors,<br />

Renault, Nissan, and Ford have embedded<br />

a package of Google services into their<br />

vehicles, offering features like Google<br />

Maps, Google Assistant, and other<br />

applications.<br />

Self-driving sensor maker Luminar<br />

Technologies Inc, in which Mercedes owns<br />

a small stake, said in a separate statement<br />

it had struck a multi-billion dollar deal<br />

with the carmaker to integrate its sensors<br />

across a broad range of its vehicles by middecade.<br />

Shares in Luminar jumped more than 25%<br />

following the announcement.<br />

<strong>March</strong> <strong>2023</strong> 50

Electric cars<br />

sales hit new<br />

record in Europe<br />

Sales of electric vehicles in the European<br />

Union set a new market share record in<br />

2022, industry data showed, as the region<br />

seeks to rid itself of fossil fuel cars.<br />

Battery-powered electric cars accounted for<br />

12.1% of new car sales, compared to 9.1%<br />

in 2021 and 1.9% in 2019, according to<br />

the European Automobile Manufacturers’<br />

Association (ACEA). The EU has agreed to<br />

ban sales of new petrol and diesel cars<br />

from 2035 as part of the 27-nation bloc’s<br />

effort to build a carbon-neutral economy<br />

by 2050. Sales of electric vehicles rose<br />

28% last year, with more than 1.1 million<br />

vehicles sold.These rises were notably<br />

driven by the German market, where sales<br />

accelerated at the end of the year, just<br />

before a drop in purchase bonuses.<br />

In Norway, a record four out of five new<br />

cars (79%) sold last year were electric, in a<br />

major oil-producing country that aims to<br />

end the sale of new fossil fuel cars by 2025<br />

– a decade ahead of the EU’s ban.<br />

The Italian market was the only one to put<br />

a brake on the electric engine in 2022, with<br />

sales falling by 26.9%. It was also a strong<br />

year for hybrid cars, which achieved a<br />

market share of 22.6%.<br />

‘Moving fast’<br />

Traditional petrol and diesel-fueled cars<br />

continued to lose ground, despite still<br />

accounting for more than half of EU car<br />

sales in 2022 at 52.8%.<br />

Diesel, hit by heavy penalties and a<br />

shrinking offer in manufacturers’ ranges,<br />

continues on its downward slope, dropping<br />

by almost 20% with 1.5 million vehicles<br />

sold. European automakers are investing<br />

250 billion euros ($272 billion) in their<br />

electrification, said Luca de Meo, ACEA<br />

president and chief executive of French<br />

automaker Renault.<br />

“The auto industry is moving fast,” he said.<br />

But De Meo said Europe needs more public<br />

charging stations, with installations limited<br />

to 2,000 per week in the EU, while 14,000<br />

are needed to ensure the continent’s<br />

transition.<br />

“Despite many announcements and recent<br />

progress, infrastructure development is<br />

lagging behind the industry efforts,” De<br />

Meo said.<br />

With their high prices, electric cars are<br />

currently being purchased by “wealthy”<br />

households, but that should change<br />

with the generalisation of electric cars,<br />

according to ACEA president.<br />

While electric market leader Tesla sharply<br />

lowered its prices at the beginning of <strong>2023</strong>,<br />

De Meo warned that getting into a price<br />

war would be counterproductive, adding:<br />

“We need to invest.”<br />

<strong>March</strong> <strong>2023</strong> 54

Record number of Turkish firms pour in for<br />

IDEX arms fair in UAE<br />

More than 50 Turkish defense companies<br />

offered a range of products for sale at<br />

the biennial arms fair in the United Arab<br />

Emirates (UAE), marking the country’s<br />

highest participation in recent years.<br />

Attended by the industry’s most prominent<br />

players and high-level official delegations<br />

from all over the world, the International<br />

Defense Exhibition and Conference (IDEX),<br />

held in the UAE capital of Abu Dhabi,<br />

highlights the Turkish arms industry’s rise<br />

over recent years.<br />

Spearheaded by armed drones, the Turkish<br />

defense industry has made its way into the<br />

global spotlight and transformed into a<br />

major manufacturer and exporter.<br />

Held every other year, IDEX is the only<br />

international defense fair and conference<br />

held in the Middle East and North Africa<br />

(MENA) region.<br />

The latest technologies in land, sea and<br />

air defense were featured, which is held<br />

together with the NAVDEX Maritime<br />

Defense and Security Event.<br />

Türkiye is taking part in the fairs with<br />

over 50 defense firms together with the<br />

country’s Presidency of Defense Industries<br />

(SSB) and the Turkish Defense and<br />

Aerospace Industry Exporters Association.<br />

During the event, various products by<br />

Turkish defense companies are being<br />

presented, including unmanned land and<br />

air vehicles, armored vehicle platforms,<br />

weapons systems, electronic systems,<br />

ammunition, simulators and logistics<br />

support products.<br />

Among them, a giant Akıncı armed drone<br />

by Baykar has also been parked at the<br />

exhibition. The Turkish drone company’s<br />

Bayraktar unmanned combat aerial<br />

vehicles are known as having played critical<br />

roles in multiple conflicts, including Syria,<br />

Libya and lastly Ukraine.<br />

Baykar’s Bayraktar TB2 drones played such<br />

a key role in Kyiv’s campaign against Russia<br />

that there is even a song in Ukrainian about<br />

the aircraft.<br />

During the fair, the official Turkish<br />

delegation was expected to meet and hold<br />

talks with UAE officials and delegations<br />

from other countries.<br />

Besides Baykar, other Turkish firms at<br />

this year’s IDEX include Asfat, Bites, BMC,<br />

Dearsan, Desan, Samsun Yurt Savunma<br />

(Canik), FNSS, Gürbağ Defense, Aselsan,<br />

Dasal, Havelsan, MKE, Otokar, Repkon,<br />

Roketsan, Sarsılmaz, SDT, STM, TAIS and<br />

Turkish Aerospace Industries (TAI).<br />

<strong>March</strong> <strong>2023</strong> 56

Capital boost to help Türkiye’s top bank<br />

drive economy in <strong>2023</strong><br />

An injection of additional capital will help<br />

Ziraat Bank to spearhead President Recep<br />

Tayyip Erdoğan’s drive to boost economic<br />

growth and tackle chronic current account<br />

deficits this year, the head of Türkiye’s<br />

largest lender said.<br />

Chief Executive Alpaslan Çakar, who is<br />

also chairperson of the Turkish Banks<br />

Association (TBB), said state banks like<br />

Ziraat were the driving force in the<br />

economy in recent years and would carry<br />

on even as they seek to pay dividends in<br />

<strong>2023</strong>.<br />

He downplayed concerns raised by privatesector<br />

counterparts over risks posed by<br />

an array of bond-holding regulations, and<br />

he said the credit would continue to boost<br />

sectors like manufacturing and agriculture.<br />

Erdoğan introduced a “new economic<br />

model” in 2021 that prioritizes growth,<br />

investment and exports and is aimed at<br />

flipping Türkiye’s persistent trade deficits, a<br />

major component of the current account.<br />

The model relies on targeted loans and low<br />

interest rates and also aims at eventually<br />

helping reduce inflation.<br />

“We will give significant support to<br />

Türkiye’s economic model. For that<br />

reason, we want to be strong in capital<br />

terms,” Çakar told Reuters in an interview<br />

conducted late last month.<br />

In December, Reuters reported, citing<br />

sources, that state-owned banks were in<br />

talks with the Treasury and the sovereign<br />

wealth fund to secure more capital,<br />

allowing them to boost lending ahead of<br />

presidential and parliamentary elections<br />

this year.<br />

“There is no clear figure yet for the capital<br />

increase of state banks. We are consulting<br />

with the relevant institutions on this issue,”<br />

Çakar said at Ziraat’s Istanbul headquarters.<br />

Alpaslan Çakar, the CEO of Türkiye’s biggest<br />

bank Ziraat and chairperson of the board<br />

of the Banks Association of Türkiye (TBB),<br />

poses during an interview with Reuters in<br />

Istanbul, Türkiye, Dec. 23, 2022. (Reuters<br />

Photo)<br />

The economy is expected to have<br />

expanded by 5% in 2022 but growth was<br />

set to cool toward the end of the year. The<br />

government still foresees a 5% growth in<br />

<strong>2023</strong> as well.<br />

To boost growth and back the<br />

government’s economic vision, the central<br />

bank has slashed its key interest rate to 9%<br />

from 19% since September 2021.<br />

State banks have supported the economy<br />

with low-cost financing for the last few<br />

years, increasing their dominance in the<br />

financial sector and their capital needs.<br />

State banks’ share of loans has reached a<br />

record level near 50%.<br />

Dividends, loans<br />

Asked about record sector profits in<br />

2022, Çakar confirmed a Reuters report<br />

in late December that Turkish banks<br />

wanted to make dividend payouts to<br />

shareholders. The Banking Regulation and<br />

Supervision Agency (BDDK) – which makes<br />

recommendations each year regarding<br />

banks’ profit distribution – was evaluating<br />

the request, he said.<br />

Çakar, however, said profits were set to fall<br />

in <strong>2023</strong> as inflation cools.<br />

The annual inflation in Türkiye in December<br />

decelerated at its steepest pace in more<br />

than a quarter century.<br />

Annual consumer price inflation fell sharply<br />

to 64.27% in December from the 84.39%<br />

reported in November. The decline was<br />

driven mainly by the so-called favorable<br />

base effect and marked a second straight<br />

fall after inflation hit a 24-year high of<br />

85.5% in October.<br />

In the January-October period, the banking<br />

sector’s net profits leaped 417% from<br />

a year earlier to TL 389 billion ($20.72<br />

billion), boosted by inflation-indexed bond<br />

yields.<br />

Authorities have sought to discourage<br />

foreign exchange use following the steep<br />

depreciation in the lira in 2021.<br />

The lira lost some 44% of its value against<br />

the dollar in 2021. It declined another 30%<br />

in 2022 but held mostly stable in the last<br />

quarter.<br />

Authorities imposed nearly 100 new<br />

regulations on banks, including a mandate<br />

to hold more treasury bonds, which drew<br />

complaints from private-sector executives.<br />

But Çakar said these holdings would not<br />

pose risks. “The weight of fixed coupon<br />

bonds held in the balance sheet due to<br />

regulations will not reach a level that will<br />

disrupt the balance sheet,” he said.<br />

He also said that Ziraat’s selective loans<br />

policy would continue in <strong>2023</strong>, with the<br />

priorities being manufacturing, agriculture<br />

and small- and medium-sized enterprises<br />

(SMEs).<br />

“We have become one of the banks that<br />

gave the biggest support to the Turkish<br />

economy model,” he said, noting its cash<br />

loan size rose 61% to TL 1.2 trillion in 2022.<br />

Ziraat’s non-performing loans ratio was<br />

low at 1.1% last year, compared with 2.2%<br />

sector-wide, he said.<br />

He also said the bank would be active in<br />

international funding this year, aiming for a<br />

100% syndication renewal in February, and<br />

seeking to increase international funding,<br />

including via Eurobonds.<br />

<strong>March</strong> <strong>2023</strong> 58

LEVC Announces New Strategy to Become Zero<br />

Carbon Mobility Technology Company<br />

LEVC (London Electric Vehicle Company)<br />

begins a momentous new chapter, setting<br />

its brand direction for the coming decade<br />

and beyond, with a new strategy to<br />

become a leading zero-carbon mobility<br />

technology company.<br />

Building on unrivalled heritage in purposebuilt<br />

vehicles - LEVC has manufactured the<br />

iconic London taxi for more than 70 years -<br />

the company’s new strategy will see it grow<br />

beyond manufacturing the world’s most<br />

advanced taxi, the TX. LEVC announced its<br />

commitment to deliver smart, green, safe<br />

and accessible mobility solutions to more<br />

people than ever before.<br />

Underlining this commitment, LEVC UK also<br />

revealed its new senior management team,<br />

who will implement the new strategy.<br />

The new appointments will maximise the<br />

engineering, marketing and production<br />

expertise that exists at the firm’s state-ofthe-art<br />

home in Ansty, UK, backed by the<br />

global resources of parent company Geely<br />

Holding Group.<br />

Alex Nan continues in his role of Global<br />

CEO, and he will now also take on the<br />

role of UK CEO for LEVC. He is responsible<br />

for overseeing overall business strategy,<br />

technology, product planning and<br />

coordination with the Geely Holding Group.<br />

Chris Allen, who has been appointed as<br />

Managing Director of LEVC, after previously<br />

holding the role of Legal Director and<br />

Company Secretary, will be responsible for<br />

procurement, manufacturing, technology<br />

and quality, government affairs, as well as<br />

mobility services. Jenny Jin has also been<br />

appointed as Executive Director, looking<br />

after sales, marketing and aftersales.<br />

Moe Wang, the general manager of LEVC<br />

Overseas will also take responsibility as the<br />

Director of Overseas Sales for LEVC UK.<br />

“LEVC now enters the next exciting stage<br />

with our new brand strategy, which will see<br />

us become a leading zero carbon mobility<br />

technology company.Since the launch<br />

of the TX in 2018, LEVC has experienced<br />

rapid growth, with 9,000 global sales to<br />

date, those vehicles travelling more than<br />

500 million miles and preventing 152,000<br />

tonnes of CO2from being emitted into the<br />

atmosphere. In London, LEVC’s TX accounts<br />

for 82% of the taxi market, and there are<br />

now more TX’s on the streets than diesel<br />

TX4s. LEVC looks forward to continuing to<br />

help the capital to accelerate the transition<br />

to a clean, green EV black cab fleet,”<br />

commented Alex Nan, CEO, LEVC.<br />

“Going forward, our state-of-the-art<br />

manufacturing plant at Ansty, Coventry,<br />

will continue to be the home of the<br />

famous, iconic TX taxi - the London black<br />

cab and new generation models. We will<br />

build on LEVC’s unrivalled heritage and<br />

grow beyond high-end taxi manufacturing,<br />

delivering smart, green, safe and<br />

accessible mobility to more customers<br />

than ever before. Watch this space in<br />

<strong>2023</strong>, as we are targeting a 20% year-onyear<br />

sales increase, and more details on<br />

LEVC’s strategy will be revealed in Q1,”<br />

added Nan.<br />

<strong>March</strong> <strong>2023</strong> 60

Turkish BMC<br />

Power’s<br />

domestic<br />

military engines<br />

debut at<br />

UAE fair<br />

Turkish defense company BMC Power<br />

is showcasing its two domestically<br />

produced military land vehicle engines,<br />

named Tuna and Azra, for the first time<br />

at an international fair in the United Arab<br />

Emirates (UAE).<br />

The engines – developed by the company<br />

that works to reduce Türkiye’s foreign<br />

dependency on power and transmission<br />

systems – are being showcased at the<br />

IDEX International Defense Exhibition and<br />

Conference and NAVDEX Maritime Defense<br />

and Maritime Security Event, which took<br />

place concurrently in Abu Dhabi, the capital<br />

of the United Arab Emirates (UAE).<br />

Mustafa Kaval, the general manager of<br />

BMC Power, told Anadolu Agency (AA) that<br />

this was the company’s first participation in<br />

an international fair.<br />

Kaval added that the serial production<br />

of the 400 hp Tuna engine had already<br />

started, with the first 20 engines being<br />

delivered.<br />

The company plans to produce a total of<br />

90 engines, with all deliveries expected<br />

to be completed by the end of May. The<br />

400 hp engines are going to be used in<br />

BMC production Vuran vehicles, and<br />

the company is currently working on<br />

incorporating them into Kirpi vehicles,<br />

which they hope to complete by the end<br />

of the year. Kaval also mentioned that the<br />

company plans to use the 600 hp Azra<br />

engine in tank carrier vehicles and that<br />

they are already making preparations in<br />

this direction. As the company’s products<br />

are being used in the field, they are also<br />

planning after-sale user training and<br />

maintenance and repair training.<br />

Kaval further highlighted the company’s<br />

efforts to make their training programs<br />

more efficient by utilizing new<br />

technologies. According to Kaval, their<br />

maintenance and repair training programs<br />

now incorporate augmented reality<br />

glasses that enable trained personnel to<br />

disassemble and closely examine engine<br />

parts, ultimately allowing maintenancerepair<br />

personnel to perform their duties<br />

more effectively.<br />

Kaval expressed confidence that the<br />

training programs will enhance the<br />

maintenance and repair of engines in the<br />

field.<br />

BMC Power has established an integrated<br />

logistics team for engine deliveries. Kaval<br />

mentioned the team has prepared parts<br />

catalogs, user books and training concepts<br />

for maintenance-repair personnel that<br />

incorporate augmented reality glasses. At<br />

present, the maintenance-repair training<br />

program based on augmented reality<br />

technologies is available for the Azra<br />

engine. The company plans to add training<br />

programs for the Tuna, Utku and Batu<br />

engine power groups in the near future.<br />

Learning maintenance operations<br />

from printed sources can be a difficult<br />

and labor-intensive process. Typically,<br />

gaining experience in the presence of an<br />

experienced master trained in the field is<br />

necessary after receiving basic training.<br />

However, this traditional approach is<br />

inefficient and can cause work accidents or<br />

prolong operations.<br />

There have been problems with trained<br />

intermediate staff in Türkiye, and as a<br />

result, there is an increasing need for<br />

technical personnel to receive training in a<br />

realistic virtual environment.<br />

To address this need, technology firm BITES<br />

has developed an Augmented Reality Based<br />

Maintenance Support System that keeps<br />

the skills and awareness of maintenance<br />

personnel at the highest level, contributing<br />

to the correctness of the repair the first<br />

time.<br />

The system utilizes augmented reality<br />

to overcome technical and operational<br />

difficulties in detecting and eliminating<br />

malfunctions. Maintenance personnel can<br />

carry out numerous training scenarios that<br />

closely resemble real-life situations with<br />

augmented reality glasses.<br />

The system generates holographic content,<br />

including written texts, drawings, 3D part<br />

models and more, to guide personnel in<br />

charge step by step through maintenance/<br />

assembly scenarios in real time. Personnel<br />

can view hardware and its parts in 3D from<br />

different angles, enabling them to follow<br />

instructions and complete tasks efficiently<br />

and accurately.<br />

BITES has recently made this system<br />

available for use by security forces with<br />

different models. With the Augmented<br />

Reality Based Maintenance Support<br />

System, maintenance personnel can receive<br />

training in a realistic virtual environment,<br />

enhancing their skills and improving<br />

operational efficiency.<br />

With the Augmented Reality Based<br />

Virtual Maintenance System, the engines<br />

developed by BMC Power will always be<br />

kept ready for duty with high performance.<br />

<strong>March</strong> <strong>2023</strong> 62

Türkiye’s Antalya<br />

ready to break<br />

records in tourism<br />

Türkiye’s Mediterranean gem of Antalya, which hosted approximately 141,000<br />

people in January 2019, was on the holiday route of 219,647 foreign tourists<br />

in the same period this year.<br />

The city, which continued to host tourists with the Safe Tourism Certificate<br />

program during the global pandemic that affected the world and closed last<br />

year with 13.5 million foreign visitors, started <strong>2023</strong> with high expectations.<br />

According to the data of the Provincial Directorate of Culture and Tourism,<br />

some 91,762 foreign tourists arrived by air in the city on Jan. 1-31, 2018, and<br />

it hosted 140,856 foreigners in the same period in 2019 when records were<br />

<strong>March</strong> <strong>2023</strong> 66

oken in tourism. In 2020, the city, where<br />

185,485 foreign guests came in January<br />

when the pandemic effects had not yet<br />

been felt. It hosted 49,841 foreign tourists<br />

in 2021 and 138,604 foreign tourists last<br />

year in the shadow of the pandemic.<br />

In the city, where a hopeful atmosphere for<br />

the <strong>2023</strong> season is blowing, the number of<br />

foreign tourists arriving by air in January<br />

reached 219,647, an increase of 58%<br />

compared to the previous year.<br />

In the ranking of the countries sending<br />

the most tourists, Russia took first place<br />

in every period. Some 71,752 guests<br />

came from Russia in January. Germany,<br />

with 35,214 tourists, the U.K. with 13,512<br />

tourists, Poland with 8,086 tourists<br />

and Israel with 7,570 tourists followed<br />

by Russia. Kazakhstan, Ukraine, the<br />

Netherlands, Jordan and Belgium took<br />

place in the top 10.<br />

Antalya Governor Ersin Yazıcı told Anadolu<br />

Agency (AA) that 45-holiday villages and<br />

401 hotels in 5-star concept operate in<br />

Antalya, which has a total bed capacity of<br />

643,051, 392,097 of which are 5-star.<br />

Explaining that the activity in the city in the<br />

last spring continues in the winter season,<br />

Yazıcı said the numbers make the tourism<br />

sector and its stakeholders happy.<br />

Yazıcı noted that the “12 months tourism”<br />

goal, which has been tried to be made in<br />

the city for years, has started to enter its<br />

accomplishment phase.<br />

Pointing out that Antalya is a convenient<br />

destination not only for the summer season<br />

but also for alternative tourism areas, Yazıcı<br />

said they also prioritize alternative tourism<br />

elements such as congresses, fairs, sports<br />

and health apart from the summer season,<br />

and that they invest in these areas.<br />

Ülkay Atmaca, Head of the Professional<br />

Hotel Managers Association (POYD), said<br />

that last year was a very good year and<br />

they started <strong>2023</strong> with promising figures.<br />

Emphasizing that the January figures<br />

surpassed the January figures of 2019<br />

when tourism was at its brightest, Atmaca<br />

said: “The ongoing early reservation<br />

has an effect on both the domestic and<br />

international markets, and at the same<br />

time, most of the passengers who have not<br />

been able to leave their homes for the last<br />

two winters are trying to travel.”<br />

“January figures are very good, A good<br />

<strong>2023</strong> is waiting for us. I think a very good<br />

season will start after Nevruz,” he said.<br />

Expressing that there will be a busy<br />

summer season this year, Atmaca stated<br />

that Antalya is progressing very well<br />

compared to its foreign competitors.<br />

Noting that they hope that 2019 figures<br />

will be exceeded this year, Atmaca said, “It<br />

was 15.8 million in 2019, and we can easily<br />

catch 17 million this year.”<br />

<strong>March</strong><br />

<strong>2023</strong><br />


Catania starts <strong>2023</strong> with %100 Electric Karsan e-ATAK!<br />

Karsan continues to strengthen its<br />

presence abroad as its fame goes beyond<br />

the borders of Europe thanks to its<br />

high-tech mobility solutions. Introducing<br />

Europe to the concept of electric mobility,<br />

Karsan continues its deliveries in Italy<br />

at full speed. Within the scope of the<br />

Consip framework contract signed with<br />

Italy, Karsan delivered 11 units of the 18<br />

e-ATAK orders it had received from Catania<br />

of Sicily. 11 e-ATAK buses which were<br />

delivered by Karsan at the beginning of<br />

<strong>2023</strong> have entered service in the region.<br />

The remaining 7 e-ATAK buses will be<br />

delivered by the middle of this year.<br />

Catania’s first electric buses: Karsan e-ATAK<br />

Highlighting that these 11 units of 100%<br />

electric buses were the first e-ATAK series<br />

delivered by Karsan to Italy, Karsan CEO<br />

Okan Baş said, “These buses became the<br />

first electric buses of Catania.” Stating<br />

that Karsan strengthens its presence in<br />

Italy day by day, Karsan CEO Okan Baş<br />

emphasized that Karsan electric buses will<br />

serve all over Italy from the southernmost<br />

part of the country to the northernmost<br />

one. Pointing out the pioneering role of<br />

Karsan in the transformation of electric<br />

public transportation in Europe, Okan Baş<br />

said, “As Karsan, we are one of the most<br />

significant brands in the transformation of<br />

public transportation in Italy as well.”<br />

The target is the leadership in electric<br />

midi-bus!<br />

Emphasizing that Italy is one of the most<br />

important target markets for Karsan,<br />

Okan Baş said, “In this context, we are<br />

taking steps to further strengthen our<br />

presence as of <strong>2023</strong> with our Italy-based<br />

Karsan Europe S.R. company. With Karsan<br />

e-ATAK, we are the leader of the electric<br />

midi-bus segment in Europe. With the<br />

new orders we will deliver, we anticipate<br />

that our e-ATAK model will be the leader<br />

of the electric midi-bus segment in Italy in<br />

<strong>2023</strong>. On the other hand, we are the first<br />

and only European brand that can meet<br />

the needs of public transportation in all<br />

dimensions with our electric buses from 6<br />

meters to 18<br />

<strong>March</strong> <strong>2023</strong> 70

Renault, Nissan<br />

boards OK ‘new<br />

era’ deal to<br />

reboot alliance<br />

The boards of Renault and Nissan<br />

announced that the approval of a deal to<br />

equalize their stake in each other, signaling<br />

a new chapter in their 24-year and<br />

sometimes contentious alliance.<br />

Under the decision that aims to bring<br />

balance to the French-Japanese<br />

partnership and develop more shared car<br />

platforms, both companies will own 15%<br />

of the other. Up to now, Renault Group of<br />

France owned 43.4% of Nissan Motor Co.,<br />

while the Japanese automaker owned 15%<br />

of Renault.<br />

The uneven shareholdings had been<br />

viewed at times as a source of conflict<br />

in the alliance, which also includes the<br />

smaller Japanese automaker Mitsubishi<br />

Motors Corp.<br />

“We have been waiting a long time for<br />

this moment,” Renault board Chairperson<br />

Jean Dominique Senard said at a news<br />

conference in London.<br />

Nissan intends to invest up to 15% in<br />

Ampere, Renault’s electric vehicle and<br />

software entity in Europe. Mitsubishi<br />

Motors also will consider investing in<br />

Ampere. The automakers will collaborate<br />

in various markets around the world,<br />

including Latin America, Europe and India,<br />

they said.<br />

The moves come at a time when the<br />

extremely competitive auto industry is<br />

undergoing a major shift toward electric<br />

vehicles and other environmentally friendly<br />

models.<br />

The long-speculated changes to the<br />

carmaker alliance were announced.<br />

Shares equivalent to a 28.4% stake will be<br />

transferred to a French trust, according to<br />

the companies. The French government is<br />

the top shareholder of Renault.<br />

Renault and Nissan agreed on an orderly<br />

sale of that stake, although there will be no<br />

deadline on it.<br />

The partnership will enter “a new era,”<br />

Senard said, by boosting common<br />

platforms and parts, as well as balancing<br />

the stakes the companies hold.<br />

Nissan Chief Executive Makoto Uchida<br />

echoed Senard’s views, vowing to<br />

take the alliance to “the next level of<br />

transformation” to adapt to a new era.<br />

“This is not a choice but a need,” he said.<br />

The executives taking part, including<br />

Renault Group Chief Executive Luca<br />

de Meo, stressed that collaborations,<br />

cost cuts, model offerings and sales will<br />

grow, noting the companies’ relationship<br />

looked toward the future and will become<br />

“normal.”<br />

Senard appeared to acknowledge the<br />

bumps along the way when he noted hopes<br />

that past misunderstandings will be fixed.<br />

“These frustrations are behind us,” he<br />

told reporters. In theory, alliances are a<br />

good way for automakers to cut costs by<br />

sharing parts, production and technology,<br />

especially when the industry is going<br />

through such dramatic change.<br />

That also means that, once formed, ending<br />

an alliance can be difficult because the<br />

companies’ development, manufacturing<br />

and products get so closely tied together.<br />

Still, partnerships can stumble because<br />

of the different corporate cultures of the<br />

automakers, especially when it involves a<br />

meeting of the West and the East.<br />

The Renault-Nissan alliance, which started<br />

in 1999 and now includes Mitsubishi, was<br />

for years heralded as a success story.<br />

It was plunged into scandal when Carlos<br />

Ghosn, the executive sent by Renault<br />

to lead a turnaround at the then-nearbankrupt<br />

Nissan, was arrested in Japan in<br />

2018 on financial misconduct charges.<br />

Documents and testimony that surfaced<br />

after his arrest appear to show that<br />

some people at Nissan resented Ghosn’s<br />

grip on power and what they saw as his<br />

extravagant lifestyle.<br />

Japanese executives generally do not get<br />

the big paychecks often standard for their<br />

Western counterparts.<br />

Ghosn, who says he is innocent, has<br />

jumped bail and now lives in Lebanon,<br />

which has no extradition treaty with<br />

Japan. Both Renault and Nissan have been<br />

distancing themselves from the Ghosn<br />

scandal.<br />

<strong>March</strong> <strong>2023</strong> 72

Turkish automotive industry aims to reach<br />

$34 billion in exports<br />

Türkiye’s automotive industry aims to<br />

generate $34 billion in export revenues this<br />

year, the <strong>Automotive</strong> Industry Exporters’<br />

Association (OİB) has said.<br />

“Despite the economic slowdown in<br />

Europe, our largest export market, and<br />

changes in demand conditions, we<br />

managed to increase our export revenues<br />

both in December and the whole of 2022,”<br />

said Baran Çelik, president of the OİB.<br />

In <strong>2023</strong>, which marks the centennial of the<br />

republic, the automotive industry targets to<br />

reclaim the title of most-exporting sector<br />

by generating $34 billion in sales to foreign<br />

markets, Çelik said in a statement.<br />

Commenting on the performance of the<br />

local carmakers, Çelik noted that export<br />

revenues amounted to around $31 billion<br />

in 2022. “We lost some $3 billion due to<br />

the euro-dollar exchange rate.”<br />

The industry faced multiple challenges<br />

last year, including the chip shortage,<br />

high inflation, rising energy prices and the<br />

looming risk of global recession, he said.<br />

“Those problems worsened with the<br />

Russian-Ukraine war. However, the<br />

automotive industry succeeded in boosting<br />

its export revenues both in December and<br />

2022 as a whole,” Çelik added.<br />

Last month, exports grew 6.7 percent from<br />

a year ago to touch $3.16 billion, which<br />

marked an all-time-high monthly figure<br />

for the automotive sector and accounted<br />

for 13.8 percent of Türkiye’s overall export<br />

revenues, according to data from the OİB.<br />

<strong>Exports</strong> by the automotive supply sector<br />

stood at $1.12 billion, exhibiting an annual<br />

increase of 7 percent. This subsector’s<br />

sales to Germany, its largest market, fell<br />

1 percent, but its exports to Russia and<br />

France leaped 56 percent and 18 percent,<br />

respectively.<br />

Local companies’ passenger car exports<br />

generated $1.11 billion in revenue, rising<br />

19 percent from December 2021.<br />

France was the automotive sector’s largest<br />

export market in December 2022. <strong>Exports</strong><br />

to this country increased 15 percent yearon-year<br />

to $506 million. The OİB reported<br />

a 3 percent rise in exports to Germany<br />

to $358mn. Italy boosted its purchase<br />

from the Turkish automotive sector by<br />

11 percent to $318mn. The share of the<br />

European Union in the sector’s exports<br />

was 66.4 percent. Sales to the bloc grew<br />

11 percent from December 2021 to $2<br />

billion. In the whole of 2022, the industry’s<br />

export revenues increased by 5.7 percent<br />

compared to 2021 to stand at $31 billion,<br />

which marked the second-highest export<br />

figure ever for the automotive sector.<br />

The supply industry’s exports were up 10<br />

percent last year to reach $12.98 billion.<br />

The European Union accounted for 64.7<br />

percent - or $20 billion - of the automotive<br />

industry’s total exports. Sales to the Middle<br />

Eastern countries rose 20 percent, but<br />

exports to Africa dropped 19 percent, the<br />

OİB said.<br />

<strong>March</strong> <strong>2023</strong> 74

Fisker Announces ChargePoint As North American<br />

Partner For Public Charging Solutions<br />

Fisker Inc. (NYSE: FSR) (“Fisker”), driven<br />

by a mission to create the world’s most<br />

emotional and sustainable electric<br />

vehicles, named ChargePoint Holdings, Inc.<br />

(NYSE: CHPT), a leading electric vehicle<br />

(EV) charging network, as Fisker’s North<br />

American partner for electric vehicle public<br />

charging solutions.<br />

The Fisker and ChargePoint collaboration<br />

will provide Fisker EV owners with access<br />

to more than 210,000 active ports under<br />

management, with over 16,700 DC fast<br />

charge ports and over 400,000 roaming<br />

ports, making it easy to find reliable<br />

charging. The two companies intend<br />

to make it easy for drivers to access<br />

ChargePoint’s industry-leading network<br />

of Level 2 and DC fast chargers, and<br />

roaming partner stations; which together<br />

encompass more than 80% of public<br />

charging spots in North America.<br />

“The minute they get their new Fisker<br />

Ocean, our owners want convenient and<br />

easy-to-locate public charging stations,<br />

a quick, easy experience when using a<br />

public charger, and super-simple payment<br />

options. Together with ChargePoint,<br />

we are providing a class-leading public<br />

charging option for Fisker owners at<br />

delivery,” Chairman and CEO Henrik Fisker<br />

said. “ChargePoint is a leading charging<br />

network in North America, and their<br />

commitment to sustainable mobility<br />

makes the partnership a perfect fit for our<br />

customers and our business.”<br />

“Fisker, as a born electric car company<br />

without the constraints of the fossil fuel<br />

era, continues to push the envelope of<br />

design,” said Pasquale Romano, CEO,<br />

ChargePoint.<br />

The ChargePoint network will be available<br />

to Fisker Ocean owners starting with<br />

vehicle deliveries in the US and Canada.<br />

Fisker Ocean drivers can locate ChargePoint<br />

and roaming partner charging stations<br />

within the Fisker Ocean’s navigation<br />

system and through the ChargePoint<br />

mobile app. At launch, drivers can use<br />

the App and the Fisker Ocean’s central<br />

touchscreen to search for and navigate<br />

to charging stations, filter search for DC<br />

fast charge locations, do basic EV route<br />

planning, and calculate arrival times<br />

at charging stops. The Fisker Ocean,<br />

Fisker’s ground-breaking all-electric SUV,<br />

is available in a sold-out limited edition<br />

Fisker Ocean One, and three additional<br />

trim levels: Extreme, Ultra, and Sport.<br />

The top trim Fisker Ocean Extreme travels<br />

up to 350 miles1 on a single charge, with<br />

dual-motor, all-wheel-drive, three driving<br />

modes, Revolve 17.1” rotating screen,<br />

SolarSky roof, California Mode, Smart<br />

Traction, and many first-to-market safety<br />

features, including the world’s first digital<br />

radar, all for $68,9992 in the US.<br />

<strong>March</strong> <strong>2023</strong> 76

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