Turkey's Ministry of Industry and Technology Issues Statement on BYD's Investment in Turkey

Officials from Turkey's Ministry of Industry and Technology have issued a statement regarding the process for Chinese electric vehicle manufacturer BYD's planned production facility in Turkey. The statement detailed the investment agreement signed with the company. Ministry officials emphasized that BYD's obligations and the guarantees provided to the state under the agreement remain in effect. It was stated that the conditions of the investment agreement must be fulfilled by the company. The statement indicated that the process for establishing BYD's production facility in Turkey continues within the framework of the agreement between the parties. The Ministry noted that the investment is important for contributing to the country's economy. Officials stated that if the company fulfills its commitments, the investment will proceed as planned and the production facility will become operational. It was emphasized that the process is being conducted transparently. This is not investment advice.