Albert Saydam
Chinese carmaker BYD in talks with Turkish auto suppliers
Chinese carmaker BYD, which plans to build a factory in Türkiye, has been holding talks with auto part suppliers across the country, according to Albert Saydam, the president of the Automotive Suppliers' Association (TAYSAD).
BYD's planned production plant and R&D center is the first foreign investment in the Turkish automotive sector in 27 years.
BYD investment ‘to have catalyst effect’
The reverberations continue from the world's largest electric vehicle manufacturer BYD choosing Türkiye for its investment after Hungary. This investment, the first of its kind in 27 years, is expected to have a ripple effect on other Chinese manufacturers who have long been in talks with Türkiye.
- Read more about BYD investment ‘to have catalyst effect’
- Log in to post comments
Auto parts industry plans $2 billion investment
Turkey's automotive parts supplier companies plan to undertake investments worth $2 billion this year, up from $1.5 billion in 2021, with nearly half of new investments going to electric vehicles technologies.
- Read more about Auto parts industry plans $2 billion investment
- Log in to post comments
Turkey's auto parts industry plans $2 billion investment
Turkey's automotive parts supplier companies plan to undertake investments worth $2 billion this year, up from $1.5 billion in 2021, with nearly half of new investments going to electric vehicles technologies.