Turkey Confirms BYD EV Plant Construction on Schedule for 2026 Launch
The Turkish government has officially confirmed that the construction of Chinese electric vehicle manufacturer BYD's new plant in Turkey will proceed as planned, with operations scheduled to commence by the end of 2026. Kaan Masatci, a project manager at Turkey’s presidential investment office, explicitly denied recent rumors suggesting that BYD was halting its major investment in the country. He stated that the project has secured all necessary permissions and is expected to begin construction early next year in Manisa province, located in western Turkey. This development follows a significant agreement signed in July between BYD and Turkey, involving a $1 billion investment to establish a facility capable of producing 150,000 electric cars annually. The strategic location within Turkey, which is part of the European Union’s Customs Union, allows BYD to export vehicles to Europe without facing additional tariffs. Additionally, Masatci noted that another Chinese manufacturer is currently eager to finalize a similar deal with the Turkish government, highlighting the country's growing appeal to international EV producers seeking access to the European market.
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Turkey Confirms BYD EV Plant Construction on Schedule for 2026 Launch
The Turkish government has officially confirmed that the construction of Chinese electric vehicle manufacturer BYD's new plant in Turkey will proceed as planned, with operations scheduled to commence by the end of 2026. Kaan Masatci, a project manager at Turkey’s presidential investment office, explicitly denied recent rumors suggesting that BYD was halting its major investment in the country. He stated that the project has secured all necessary permissions and is expected to begin construction early next year in Manisa province, located in western Turkey. This development follows a significant agreement signed in July between BYD and Turkey, involving a $1 billion investment to establish a facility capable of producing 150,000 electric cars annually. The strategic location within Turkey, which is part of the European Union’s Customs Union, allows BYD to export vehicles to Europe without facing additional tariffs. Additionally, Masatci noted that another Chinese manufacturer is currently eager to finalize a similar deal with the Turkish government, highlighting the country's growing appeal to international EV producers seeking access to the European market.
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