Industry Minister Drops Bombshell: Another Chinese Car Company Will Be Allowed to Set Up Factory in Turkey!

Minister of Industry and Technology Mehmet Fatih Kacirmade important statements today on the agenda. When evaluating the investment of Chinese auto giant BYD in Turkey, Minister Kacır said that this will not be the first nor the last. According to Mehmet Fatih Kacır, this will happen very soon. A new investment announcement is coming.

Minister Kacır participated in the live broadcast of CNBC-e and said that the second company that is about to invest is also you are chinese hinted. Although the brand name was not given, it was already known that MG and SKYWELL wanted to invest in Turkey. SKYWELL even states that it takes this issue very seriously. had explained. Unless there is a big surprise, one of these two brands, in the very near future He can make an investment declaration in Turkey.

The statement by Minister of Industry and Technology Mehmet Fatih Kacır reads as follows:

Mehmet Fatih Kacir

I said that we have reached the final point with two brands in the last month. We have signed one of them. There may be a possibility to sign another contract soon. No surprise. We will take steps to accelerate foreign direct investment. We are not a country that is willing to follow other countries.

Minister Kacır also spoke about BYD’s arrival in Turkey as follows:

The agreement we signed at the beginning of this week became a new source of hope for all of us. As Türkiye, we are a very strong player. We are the third largest manufacturer in Europe. A total of 13 brands continue their production activities in Turkey. In recent times, China has made an undeniable rise on a global level. Electric vehicles have had a significant share. China has become the world leader in battery technology investments. 25 million of the 40 million electric cars are in China. We shared how brands that have invested in Chinese manufacturers in Turkey in the past are gradually increasing their capacity. We have been in close contact with several brands. One of them was BYD. BYD is the world leader in this field. A brand that develops 32 patents every day. We really wanted BYD to be in Turkey. We have been intensively researching which regions the production could take place. On Monday, we finally signed the agreement.

For detailed information about BYD’s arrival in Turkey:

Follow Webtekno on X and don’t miss the news

Source: Web Tekno

Donald

Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.

Recent Posts

An unprecedented ecosystem found under the ice of an Antarctic lake December 24, 2024

Vivo Y29 5G officially launched: entry level with LED Dynamic Light December 24, 2024

Can animals have schizophrenia like humans? December 24, 2024