Turkey's domestic automaker TOGG, which has reported losses in the billions of lira, has signed an agreement with a Chinese company to develop new vehicle models.
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Turkey's domestic automaker TOGG has announced that it will collaborate with a Chinese company to develop new vehicle models.
The company had faced losses in the billions of lira. The strategic partnership is said to enable TOGG to expand its product lineup and facilitate a technology transfer.
Although details about the new models have not yet been disclosed, one industry analyst assessed that the agreement could improve the company's financial position. Further statements are expected regarding the scope and sustainability of the partnership.