TR Economy & Updates

[No Name]

Great news it looks like inflation is finally started to cool down.

https://www.ft.com/content/cb3beb0c-96d4-43e5-a13b-2fb1eee51bc9

 

[Huelague]

Chinese Tesla rival BYD agrees $1bn Turkey EV plant deal

The electric vehicle giant has been rapidly expanding manufacturing capacity outside its home country.

www.bbc.com

China's BYD building a new EV-plant in Mersin province, estimate investment: 1 billion USD.

5000 people can work here.

A competitor to TOGG.

 

[Saithan]

Great news it looks like inflation is finally started to cool down.

https://www.ft.com/content/cb3beb0c-96d4-43e5-a13b-2fb1eee51bc9

It's too soon to rejoice. You need to see the policies and whether they stay true to these policies before celebrating.

And tbh there is not much to celebrate unless the inflation falls down to single digit.

 

[Saithan]

Chinese Tesla rival BYD agrees $1bn Turkey EV plant deal

The electric vehicle giant has been rapidly expanding manufacturing capacity outside its home country.

www.bbc.com

China's BYD building a new EV-plant in Mersin province, estimate investment: 1 billion USD.

5000 people can work here.

The Chinese didn't like the EU slapping additional tax on China produced vehicles, so they may try to circumvent that through Türkiye.

Also they'll be flooding the Turkish market with cheaper electric vehicles and curb domestic R&D.

 

[I_Love_F16]

The Chinese didn't like the EU slapping additional tax on China produced vehicles, so they may try to circumvent that through Türkiye.

Also they'll be flooding the Turkish market with cheaper electric vehicles and curb domestic R&D.

They should have done the same thing. Restrict the sales of foreign electric cars to promote your own.

 

[Saithan]

China will just answer back by reducing or stopping import of low tech stuff. Türkiye is pretty much still reliant on exporting tier 1 stuff to China as I recall.

Best answer to China would have been extreme high level of worker rights. The same rights AKP raped to oblivion.

 

[Saithan]

The Chinese didn't like the EU slapping additional tax on China produced vehicles, so they may try to circumvent that through Türkiye.

Also they'll be flooding the Turkish market with cheaper electric vehicles and curb domestic R&D.

Even danish newspapers have picked up on Chinas investment plan and just like me already deduced that it's an attempt to circumvent the toll barrier.

Kinesisk elbilgigant bygger kæmpe fabrik i Tyrkiet – skal snyde EUs nye afgifter

Læs mere her.

www.berlingske.dk

 

[Heartbang]

Chinese Tesla rival BYD agrees $1bn Turkey EV plant deal

The electric vehicle giant has been rapidly expanding manufacturing capacity outside its home country.

www.bbc.com

China's BYD building a new EV-plant in Mersin province, estimate investment: 1 billion USD.

5000 people can work here.

We need to make sure that only Turkish BYD's should roam the Turkish streets.
There are evidence that these car manufacturers use Uyghur slave labor to make their cars.
We need to make sure that no brother or sister of ours suffered for our joy.

 

[No Name]

I don't understand why Turkey is hostile to Israel to the point that it is willing to harm its trade with a country which Turkey has a large trade surplus with but is Okay with China, which not only genocides Turkic people but Turkey has a massive trade deficit with.

Turkey exports around US $2.93 billion to China while imports around US $41.35 Billion, and over 13 years, China has only invested around US $15 billion in Turkey.

 

[Heartbang]

why Turkey is hostile to Israel

Israel is hostile to Turkiye. We are just defending ourselves.

 

[guest12]

Israel is hostile to Turkiye. We are just defending ourselves.

Indeed they are the responsible ones for turning U.S. into main sponsor of PKK.

 

[No Name]

Israel is hostile to Turkiye. We are just defending ourselves.

How by fucking Turkey's economy up?

Turkey had a US $4 billion trade surplus with Israel. All Turkey did was harm itself.

Erdoğan kept getting involved in the Palestinian-Israel conflict despite Palestinians always siding with the enemies of Turkey. In fact, the Palestinians were the ones who trained Armenians and PKK terrorists to kill Turks.

Before the Turkish government began championing the cause of Turk-hating Palestinians, Turkey's relations were somewhat neutral with Israel.

 

[Heartbang]

Erdoğan kept getting involved in the Palestinian-Israel conflict despite Palestinians always siding with the enemies of Turkey. In fact, the Palestinians were the ones who trained Armenians and PKK terrorists to kill Turks.

What Erdogan is really good at is to cover purely geopolitical moves under an obfuscation cover of ideology and narrative.
He claims that he's against Israel under the guise of "muh ummah" and stuff, but the motive of his involvement here is purely to defend Turkiye. Its sort of an open secret now that once Israel is sure that it's through with Gaza, they'll go north, taking over Lebanon and Syria, and then they'll try their chances with us.
Even Cyprus is in their sights, and the Greeks over there are quite happy and willing to be cucked by them any chance they get.

As for the Armenians and the PKK, they clearly did a shite job.

Turkey had a US $4 billion trade surplus with Israel. All Turkey did was harm itself.

"You fixin' to sodomize a guy, might as well pay them for his troubles."

 

[Tornadoss]

Israel is hostile to Turkiye. We are just defending ourselves.

If Turkey won't be too pro-Hamas maybe Israel would not be that hostile? Turkey harbor the head of terrorist having meetings with them which Israel considered as terrorists. We would be rightfully furious if they do the same with pkk.

What Erdogan is really good at is to cover purely geopolitical moves under an obfuscation cover of ideology and narrative.
He claims that he's against Israel under the guise of "muh ummah" and stuff, but the motive of his involvement here is purely to defend Turkiye. Its sort of an open secret now that once Israel is sure that it's through with Gaza, they'll go north, taking over Lebanon and Syria, and then they'll try their chances with us.
Even Cyprus is in their sights, and the Greeks over there are quite happy and willing to be cucked by them any chance they get.

As for the Armenians and the PKK, they clearly did a shite job.

"You fixin' to sodomize a guy, might as well pay them for his troubles."

It would be harder if we didn't help Syria getting screwed.

 

[Iskander]

I don't understand why Turkey is hostile to Israel to the point that it is willing to harm its trade with a country which Turkey has a large trade surplus with but is Okay with China, which not only genocides Turkic people but Turkey has a massive trade deficit with.

Turkey exports around US $2.93 billion to China while imports around US $41.35 Billion, and over 13 years, China has only invested around US $15 billion in Turkey.

This is largely due to the foreign policy of Turkey itself (very significant changes have occurred there over the past 10-12 years). As for Israel, this is Ankara’s reaction to the war in Gazza. In addition, the government must also take into account the mood in society.
The war will end, and over time everything related to trade will return to its previous state.
As for China, Turkey has no ability to influence it.

 

[Heartbang]

We would be rightfully furious if they do the same with pkk.

They already do so, not with their own hands though. They puppeteer the US.
Their cahootery is in the open now:

https://twitter.com/i/web/status/1780200975195664620

 

[what]

A competitor to TOGG.

They've been a competitor without the factory too. Competition is good for the consumer, investments and jobs. Win-win.

 

[Tornadoss]

They already do so, not with their own hands though. They puppeteer the US.
Their cahootery is in the open now:

https://twitter.com/i/web/status/1780200975195664620

View attachment 69402

These are both after Turkey take an hostile attitude against Israel starting from Mavi Marmara and Davos. Israel was more pro-Turkey. Akp just screwed the relations with them for nothing. It was making more sense geopolitically to cooperate with Israel, they are holding the strings of US politics.

 

[Huelague]

They've been a competitor without the factory too. Competition is good for the consumer, investments and jobs. Win-win.

Yain (Yes and no). We have to establish and protect our own brand first.

 

[Lool]

After Togg's potential has been proven and its ability to swallow the whole markets with its high-quality yet cheaper state of the art EV vehicles
Second Automotive company, after BYD, to announce its intention of investing in Turkey. Soon, Turkey will swallow the whole EV production market for the Med East, Asia, and Europe


Translation:
Italian SWM Motor, operating under Shineray Group, one of China's leading automotive manufacturers, has completed its applications for production in Turkey.

https://twitter.com/i/web/status/1813829877285507077