New statements were made about Chery Turkey investment. This time Chery Turkey Vice President Ahu Turan spoke.
Minister of Industry and Technology Mehmet Fatih Kacır said that in recent months, Chinese electric car manufacturers He said that BYD and Chery were in advanced talks about investing in Turkey.BYD’s investment was finalized last month, while Chery is still making plans for production in Turkey, according to recent posts. In this regard, last week CNBC-e Türkiye, which made new claimsstated that the negotiations between the company and the state are actively continuing. On this issue, “The selection of the location of the factory and Chery’s request for a concession for internal combustion vehicles are causing the negotiations to drag on.” It was said that for the factory that Chery is planning to establish in Turkey It was stated that they had evaluated the alternatives of Samsun and Manisa so far.. Chery Türkiye Vice President Ahu Turan spoke on this and said: He conveyed:
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“As Chery, we shape our investments in line with long-term plans. We have projections for five years and today, we are working intensively to meet the needs of our customers in the Turkish market. Like every company, we also have long-term plans and as Chery, we have evaluated Turkey as a strategic country from the very beginning. Turkey draws attention with its great potential. Being the preferred reason for other brands, Turkey being an important transition point to Europe and hosting many opportunities makes this market attractive for us. Therefore, Turkey is a very suitable location for Chery. In this context, we are conducting a comprehensive feasibility study here.”
If you missed it, BYD is expected to establish an electric and plug-in hybrid car production facility with an annual capacity of 150,000 vehicles and an R&D center for sustainable mobility technologies in Turkey with an investment of approximately 1 billion dollars. The facility, which is expected to start production by the end of 2026, is planned to provide direct employment for up to 5,000 people.
In the statement made by BYD on this issue, “Thanks to Turkey’s unique advantages such as its developing technology ecosystem, strong supplier base, exceptional location and qualified workforce, BYD’s investment in this new production facility will further develop the brand’s local production capabilities and increase logistics efficiency. We aim to reach consumers in Europe by meeting the increasing demand for new energy vehicles in the region.” It was said
So where will BYD’s first factory in Turkey be? BYD Türkiye General Manager İsmail Ergün, the company’s investment decisions Bloomberg evaluated it for HT. Ergün said the following about the important development: “It will be an investment that will provide employment for over 5,000 people. An investment of around 1 billion dollars is being considered. There is a capacity of 150 thousand; but this capacity should be considered as the initial capacity. This capacity will expand later. The location was determined as Manisa. There will also be a very serious technology transfer to Turkey. BYD is a very fast company, it has a very vertical production system. It produces everything except glass and rubber. From the moment it decides, it can do these very quickly.
Therefore, efforts will be made to bring forward the end of 2026, which is written in the agreement. My belief and BYD Global’s goal is to bring forward the production date a little bit. The models we will order today may arrive in November-December. We are working to have the production in the factory before the last quarter of 2026. The models to be produced in the facility are not clear, they may be both electric and hybrid vehicles. BYD will enter Turkey very strongly. The current balance will change. I can say that BYD investment has paved the way for other brands.”