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Minister of Industry and Technology Mehmet Fatih Kacır said it was possible that after China’s BYD, one of the world’s largest electric car manufacturers, an agreement would be signed with another company on investment in Turkey in the near future, saying: “We hope to announce similar investment news in this industry and others in the coming period.” “I can say that we are already in it and there will be no surprises,” he said.
During his participation in the TV channel program, Katzl evaluated BYD’s investment in Turkey and his meeting with Luca de Meo, global CEO of the Renault Group.
Kacır said the company has recently accelerated its investment in hybrid car production in Turkey. Kacır said the company has a production plan for new generation cars and models and they have a strong plan to produce new generation cars in Turkey.
Maybe we’ll sign it soon
“We will share a more comprehensive post about BYD’s investment incentives in the coming weeks. The main thing we offer to investors in the incentives is that we provide some convenience in terms of providing investment locations. We also have different supports in terms of employment and tax applications. Our goal is to help Turkey’s development journey,” Kacır said. “It accelerates and we can have a win-win relationship with investors,” he said.
Kacır stressed that they want to increase the production share of electric cars, rechargeable hybrid cars and other hybrid vehicles in Turkey in the future, “We want to gradually reduce the share of internal combustion engine cars, both in production and sales. market. We want to run faster on this path than before.” “We work hard to activate all the elements of transformation,” he said.
Kacır said they will continue to work hard to accelerate new technology investments in Turkey for existing and new brands such as BYD, saying:
“Especially last month, I said that we had reached the final step with two brands and we finally signed a contract with one of them. There may be a possibility of signing another brand in the near future, but we are still communicating with one of them. Just as we work well with American, European, Korean and Japanese brands, we have also signed a contract with Chinese brands. “We can also cooperate as long as we act in a win-win manner and let them benefit from Turkey. By providing opportunities in the most effective way, thanking them, we will accelerate our growth and development journey, and we hope to announce similar investment news in this field and other fields in the coming period. Nothing unexpected.”
Kacır indicated that investments in Turkey will continue, saying, “BYD’s investment is expected to be $1 billion. The investment amount for other brands may be slightly lower or higher, but the sensitive issue is whether the investment can create economies of scale,” Turkey’s competitiveness and export potential. “Turkey will grow by exporting technological products to the world, and we attach great importance to investments in this area,” he said.
Kacır stressed that they want to increase Turkey’s production capabilities, especially in areas such as batteries and sensor technology, and all these developments will further accelerate global investment flows to Turkey.
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