Ministry Issues Statement on BYD Investment Process

Officials from the Ministry of Industry and Technology have issued a statement regarding the process of Chinese automaker BYD's production facility investment in Turkey. The statement emphasized that the obligations undertaken by BYD under the agreement signed with the company remain valid. Ministry officials stated that the investment is progressing as planned and that commitments between the parties continue. This statement aims to dispel market uncertainties regarding BYD's production activities in Turkey. BYD's investment in Turkey is considered a significant step in line with the country's goals to increase electric vehicle production capacity. The company's integration into the local supply chain and its contribution to employment are also notable aspects of the process. This is not investment advice.