A $5 billion incentive package is being put into effect, which aims to increase Turkey’s automotive production capacity to at least 1 million units annually.
Located in the world The President’s statements attracted attention. In addition to the investment development above, the following statements were made: “Our aim is to bring new generation energy vehicles with a high local content rate to our country. Together, we aim to prepare our sector for the future. We have identified battery production as another priority area. With our battery call, we aim to become a regional power by building 80 gigawatts of capacity by 2030.. We are offering the incentive package, which includes grants of up to 6 thousand dollars per megawatt hour, to investors. We are putting into effect the model that will bring the research and development centers of large technology companies to Turkey. We will cover half of the personnel expenses of the world’s top 1,000 companies in terms of R&D activities for 5 years. TruTech, a company of critical importance for Togg’s long-term success, will develop autonomous vehicle projects in Turkey with an R&D investment of over 10 billion lira. I would like to emphasize that the calls we have announced are the first calls we have determined as our priority among our focus areas. We will share our calls, including hyper-scale data centers and industrial robotic systems, with the public. Comprehensive support will continue to be provided for investment projects. We will direct $30 billion in tax incentives and grants to high-technology areas.”
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As you know, the Chinese company BYD recently announced its decision to establish a factory in Turkey. Within the scope of the agreement, BYD is expected to establish an electric and rechargeable hybrid automobile 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.” expressions were used.