Minister of Industry and Technology Mehmet Fatih Kacır announced that they are negotiating with Chinese electric car manufacturers for investment. BYD And Chery’s He stated that important steps have been reached in terms of investing in our country. So, will BYD and Chery come to Turkey? Here is the statement.
BYD and Chery may invest in Turkey this summer
Interviewed by Bloomberg Minister of Industry and Technology Mehmet Fatih Kacır; He stated that they met with four different companies for production in Turkey. He stated that the negotiations with BYD and Chery have reached the final stage. According to this Results will be available this summer transferred.
In his statement on the subject, Kacır said, “Our hope is that (investment this summer). We have now come a long way with both of them. But of course, they ultimately evaluate all processes. “They are also evaluating different alternatives with us,” he said.
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There are many factors that make Turkey an attractive factor for Chinese companies. According to Minister Kacır, one of the biggest factors is membership in the Customs Union. In this way, Chinese companies have the opportunity to expand into the European market.
Minister Kacır stated that the investment plans of Chinese companies in Western Europe are not an alternative to Turkey. In this context, he underlined that it created opportunities for both countries. Chery in Spain Although it has established a production center, it also welcomes investment in Türkiye.
In addition to BYD and Chery, Chinese companies include MG and Great Wall Motor. Minister Kacır also stated that Togg’s battery cooperation with Chinese Farasis could turn into an investment in the future.
“BYD is a company that produces its own batteries. “We have already stated that we will offer very privileged opportunities to all the electric vehicle manufacturers we meet with if they bring their battery investments to Turkey,” he said.