Gurcan Karakas, CEO of Togg, made a public offering statement for the future as part of the factory tour organized for members of the press.
Gurcan Karakas, According to the news on HaberTürk notable according to public offering He stated the following about: “Like every professional company, we know that in order to grow, it is necessary to go public. We are working for this. We will most likely go public abroad. We can’t give a date on this yet.” Karakaş stated that as of the end of 2023, the amount of investment made for the project 1.8 billion eurosHe stated that he would find “So far, our investment amount is at the level of 1.5 billion euros. While 500 million Euro of this amount was provided by our shareholders in the form of equity, the rest was provided from the loans we used. said.
Gurcan Karakas, CEO of Togg He also gave other information about the project. For example, through the first tools “We cannot be successful in exporting without being successful in Turkey., its duration is 12-15 months. We do not plan to export before this period” said. In the first year in the domestic market Noting that they will compete with the cars of European manufacturers, Karakaş, “So we will be competing with European norms. Therefore, if we are successful here, we will also be successful in Europe. We are cautious in export, The initial target is 10 percent of production. It can be an importer rather than a dealer in exports, we are working on this, we will explain when it becomes clear. formed his sentences.
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As reported by Karakaş, Togg’s company in Europe Togg Europe, It works as a user experience research center in the European market. Prior to Togg’s export in 2024, this company determined the needs and expectations of European customers and focused on domestic automobile production. It will be critical for it to stand out from the competition in the European market.
In the production line established for now hourly 20 production capacity the one which… Togg directly to all the other details you need to know about the first vehicle signed from here you can reach.