Hot details continue to come after the last minute development that occupies the agenda. According to the latest information obtained; Chinese automotive giant BYD turned its route to energy storage technologies after abandoning its planned automotive factory investment in Türkiye. The company is preparing to commission its lithium battery production unit in Ankara in August, in cooperation with Solinved. The facility in Ankara Polatlı Çekirdeksiz OIZ will have an annual production of 5 GWh. While an investment of 100 million lira is planned for the first phase of the project, the total investment is expected to reach 250 million lira with the second phase. While the investigation process carried out by the official authorities regarding the incident continues, you can instantly follow the most up-to-date information on our website.
Hot details continue to come after the last minute development that occupies the agenda. According to the latest information obtained; In the facility in Ankara, battery cases, container type energy storage systems, electric vehicle charging stations, solar inverter systems and driver panels for solar drives will be produced on a closed area of 2,500 square meters. Products produced locally here will be exported not only domestically but also abroad. Detailed analysis and official statements of the issue are closely followed by our editorial team in line with the developments.
Hot details continue to come after the last minute development that occupies the agenda. According to the latest information obtained; BYD announced that it would invest 1 billion dollars in Manisa in 2024, and the signatures for the said investment were signed at the ceremony attended by President Recep Tayyip Erdoğan at Dolmabahçe Palace in July 2024. Türkiye imposed an additional 40 percent customs duty on vehicles produced in China in June 2024, but within the scope of the President's decision published on July 5, those who invested in the country were exempt from this tax. BYD was expected to establish an R&D center in Türkiye for the production of electric and rechargeable hybrid cars with an annual capacity of 150 thousand vehicles and other sustainable transportation technologies. The facility, which was planned to provide direct employment for up to 5 thousand people, was aimed to start production at the end of this year. However, BYD made a surprise decision and announced that it gave up its Manisa investment and turned the wheel to Hungary. While Hungary continued to insist despite BYD Türkiye's persuasion efforts, the company's Vice President Stealle Li said, "Our number one priority right now is Hungary. Our second priority will be to focus on finding a second production facility in Europe." He put an end to the discussions with his words. While the investigation process carried out by the official authorities regarding the incident continues, you can instantly follow the most up-to-date information on our website.