One of the world’s largest automobile manufacturers based in China BYD, He is on the agenda with the claim that he will invest 1 billion dollars in Turkey.
News of an important development appeared on BloombergHT today. In the shared news, “According to information provided to Bloomberg by senior officials, Chinese electric car manufacturer BYD’s $1 billion investment in Turkey will be announced at a ceremony to be held on Monday. Minister of Industry and Technology Mehmet Fatih Kacır had stated in a statement to Bloomberg in May that advanced talks were ongoing regarding BYD and Chery investing in Turkey. Officials stated that talks with BYD have concluded and that the company will build its second factory in Turkey after the first factory it announced to be built in Hungary in Europe.” BloombergHT is definitely talking about the development but the automobile journalist Emre Ozpeynirci There is no definite situation yet. states: “There is nothing definite‼️ I spoke to the authorities, the situation is as follows; There is nothing definite, the situation up until today continues as it was. In other words, the talks are ongoing, there is no change. Hopefully the investment will come, of course, but it seems that it is not certain yet.”
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Things have been going great for BYD lately. The company last month 341,658 vehicles (NEV) broke its own monthly record by selling (It reached 341,043 sales in December 2023) broke. Last month only The company sold 145,179 vehicles on the fully electric sidefell just short of its own record in this regard. The company announced in May 146,395 units sold all-electric vehicles. Other vehicles sold last month 195,032 units The vehicles were plug-in hybrid vehicles. In addition to the above, BYD achieved an increase of 18 percent in the first half of 2024 compared to the same period in 2023. It also announced that it sold a total of 726,153 fully electric vehiclesAccording to the company’s statement, it managed to sell 26,995 vehicles outside of China last month.