Türkiye in talks with carmaker Chery on investment: Minister

Türkiye is in close dialogue with Chinese automaker Chery on an automobile investment and has reached the final stages of the process, Industry and Technology Minister Mehmet Fatih Kacır has said.

The minister, however, did not provide other details.

Speaking in an interview with Anadolu Agency, Kacır also said that Chinese electric vehicle firm BYD will begin production in Türkiye in 2026.

"The agreements have been signed. The allocation process for the site at Manisa Organized Industrial Zone (OSB) has been completed. Permit applications for the factory's construction have been submitted," Kacır said.

In July, BYD, the world's largest electric vehicle producer, signed an agreement with the Turkish Industry and Technology Ministry to set up a factory and make R&D investments in Türkiye worth $1 billion.

The firm's production and R&D plants are expected to create 5,000 jobs in the country and produce around 150,000 units of vehicles annually.

He further said that they will continue to share Türkiye's potential with other brands.

The minister noted that Turkish electric car producer Togg has already produced 37,000 vehicles in 16 months.

"Togg produced 37,000 vehicles in 16 months, reaching in one year the production volume that the world's most valuable electric vehicle brand achieved in its sixth year," he said.

"Fast-charging units have been installed in all 81 provinces. Türkiye is in a leading position in Europe in terms of the number of charging units per electric vehicle," he added.

Emphasizing that Türkiye's infrastructure for electric vehicles is sufficiently developed, he said the infrastructure will continue to develop as usage increases.

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