Ministry: BYD's Turkey Investment Agreement and Guarantees Remain Valid

Officials from the Ministry of Industry and Technology have issued a statement regarding Chinese electric vehicle manufacturer BYD's production facility investment in Turkey. The statement indicated that the investment agreement signed with the company, the conditions under the agreement, and the obligations undertaken by BYD remain in effect. Ministry officials emphasized that the guarantees provided by BYD to the state are also still valid. This statement aims to address potential uncertainties regarding the investment process. BYD's planned production facility in Turkey is significant for increasing local production capacity and contributing to employment. The company is reported to be progressing in line with the timeline set under its investment plans. The validity of the conditions and guarantees in the investment agreement demonstrates that commitments between the parties continue. The Ministry stated that the process is being managed transparently and that obstacles to the investment have been removed. This is not investment advice.