Hyperdrive
Turkey Holds ‘Advanced’ Talks With BYD, Chery for EV Plants
- Turkey eyes deals with BYD, Chery ‘as soon as possible’
- Industry Minister Kacir says Turkey also talking to MG, GWM
BYD Europe Managing Director Michael Shu said last week that he saw room for a second European plant in 2025.
Photographer: Anindito Mukherjee/BloombergThis article is for subscribers only.
Turkey is in advanced negotiations with Chinese electric vehicle manufacturers BYD Co. and Chery Automobile Co Ltd. for factory investments in the country, a step that could help the companies boost sales to Europe.
“We would like to complete the talks as soon as possible. We have come a long way with both of them,” Minister of Industry and Technology Fatih Kacir told Bloomberg in an interview in Ankara. Separate negotiations with SAIC Motor Corp., which owns MG, and Great Wall Motor Co. are also underway, he said.