Euro
Arrow
55,6723
Dollar
Arrow
49,5736
Sterling
Arrow
66,2841
Gold
Arrow
6592,3924
BIST 100
Arrow
11.636
Home > Automotive News > Investment move to Turkey from Chinese automotive brands

Investment move to Turkey from Chinese automotive brands

The European Union's implementation of customs duties on electric vehicles imported from China has directed Chinese manufacturers toward Turkey.

X Facebook WhatsApp Mail SUBSCRIBE Google News
Published: 29.01.2024 10:18 Updated: 29.01.2024 10:24
Investment move to Turkey from Chinese automotive brands

Albert Saydam, Chairman of the Board of the Automotive Suppliers Association of Turkey (TAYSAD), has announced the desire of Chinese automotive brands to engage in production in Turkey. With this statement, Saydam sparked curiosity among consumers by referring to specific brands.

The transformation toward electric vehicles in the automotive sector has led to the prominence of Chinese brands, particularly those like BYD. BYD is drawing attention by breaking sales records not only in the Chinese market but also in the European market. Albert Saydam's statements point to the interest of Chinese automotive firms in Turkey.

In a meeting with members of the press, TAYSAD Chairman Albert Saydam emphasized Chinese brands and expressed the desire of some firms to conduct production in Turkey. According to Saydam, brands with plans to establish factories in Turkey include Skywell, Chery, and MG.


News Source: 12punto

Tags

Albert Saydam vehicle BYD electric vehicle