Brief: Tofas Says It And Stellantis Europe S.P.A Signs Production Agreement With An Annual Capacity Of 150,000 Units

Tofas Turk Otomobil Fabrikasi

09/09/2025 06:13

GDANSK, Sept 9 (Reuters) - TOFAŞ TÜRK OTOMOBİL FABRİKASI  TOASO.IS:

SAID ON MONDAY SIGNS MANUFACTURING AGREEMENT WITH STELLANTIS EUROPE S.P.A  WITH AN ANNUAL CAPACITY OF 150,000 UNITS, INVOLVING AN INVESTMENT OF UP TO 256 MILLION EUROS

MANUFACTURING GRANTS TOFAS RIGHT TO PRODUCE AND DISTRIBUTE IN TURKEY "K9"'S LIGHT COMMERCIAL VEHICLE AND "COMBI" VERSIONS IN MULTI-ENERGY PLATFORMS FOR STELLANTIS BRANDS (FIAT, OPEL, CITROËN, PEUGEOT) AND DETERMINING CONDITIONS REGARDING SALE OF VEHICLES AND SPARE PARTS

PROJECT IS PLANNED TO BE IMPLEMENTED BY THE END OF THE THIRD QUARTER OF 2026 WITH AN INVESTMENT OF UP TO 256 MILLION EUROS

ANNUAL PRODUCTION CAPACITY WILL HAVE AN 150,000 UNITS, INCLUDING COMPLETELY KNOCKED DOWN (CKD) VEHICLES

FOLLOWING COMPLETION OF INVESTMENT ACTIVITIES UNDER SCOPE OF THE PROJECT, APPROXIMATELY 660,000 VEHICLES—EXCLUDING CKD UNITS—ARE TARGETED TO BE PRODUCED UNTIL LAST QUARTER OF 2034, WITH APPROXIMATELY 80% OF THE PRODUCTION ALLOCATED TO THE TURKISH MARKET

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