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

Officials from the Ministry of Industry and Technology have assessed the current status of Chinese electric vehicle manufacturer BYD's production facility investment in Turkey. The statement noted 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 the company to the state are also still valid. This confirmation indicates no disruption to BYD's production plans in Turkey. It was stated that BYD has made specific commitments under the investment agreement and that the necessary assurances for fulfilling these commitments have been provided. The Ministry reported that the process is progressing transparently and that both parties are meeting their obligations. This is not investment advice.