One of the world’s largest automobile manufacturers based in China BYD, He was on the agenda with the claim that he would invest 1 billion dollars in Turkey.
BloombergHT recently reported an important development. 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.” It was said. Today, the expected step was taken. According to BloombergHT’s new report The signatures with the Chinese automotive giant were made at the Presidency Dolmabahçe Work Office by the Minister of Industry and Technology Mehmet Fatih Kacır and BYD Chairman Wang Chuanfu, with the participation of Recep Tayyip Erdoğan. According to the statement made by the ministry, within the framework of the agreement, 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 is expected to start production at the end of 2026. It is planned to provide direct employment for up to 5 thousand people.
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In a statement made by BYD, “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.” expressions were used.
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.