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Minister of Industry and Technology Mehmet Fatih Kacır stated that BYD will start production in Turkey in 2026, saying, "BYD has completed the land allocation process in our Manisa Organized Industrial Zone, has submitted the permit applications for the factory construction, and these applications will be evaluated and concluded as quickly as possible." 262 BILLION DOLLARS IN FOREIGN INVESTMENT RECEIVEDKacır pointed out that Turkey has achieved significant successes in direct capital investments over the last 22 years, stating that over 262 billion dollars in direct foreign capital has come to Turkey during the AK Party governments.
Kacır reported that Turkey's share in global direct foreign capital investments has increased from 0.2% to 1%, and they aim to raise this share to 1.5%. Emphasizing the importance of developing new technologies in Turkey, he expressed their desire to increase direct foreign capital investments from China, which has made significant strides in high technology, not just from Western countries. Kacır stated that the purpose of his trip to China was to attract investment to Turkey in electric vehicle and battery technologies, saying, "Attracting investment from China will mean strengthening the Turkish industry with players gaining power in global markets in the upcoming period. Turkey is also a competitive country in the automotive sector. The automotive industry is our locomotive sector in exports. Turkey has an annual automotive export of 35 billion dollars. Eight global companies are currently producing in this field in Turkey. These companies have more than 100 suppliers. It is very important for this sector to maintain its strength and competitiveness in Turkey. Therefore, it is crucial for us to focus on innovative technologies." he said.
"INFRASTRUCTURE PREPARATIONS FOR THE FACTORY LAND ARE CONTINUING"Recalling that electric vehicle manufacturer BYD has decided to invest in Turkey, Kacır continued his remarks as follows: "A very intensive work is underway. Production will start in 2026, contracts have been signed. BYD has completed the land allocation process in our Manisa Organized Industrial Zone, has submitted the permit applications for the factory construction, and these applications will be evaluated and concluded as quickly as possible. There are ongoing studies regarding infrastructure preparations for the factory land in collaboration with our Manisa Organized Industrial Zone. We are talking about an area of 160 hectares. There will be both an R&D center, a factory with a capacity of 150,000 vehicles, and a supplier park there. Supplier companies will also invest here. Turkey will take a very important step in high technology. The establishment of an R&D center in Turkey by a brand that has more than 650,000 employees, over 110,000 R&D employees, and develops 32 patents every day will create a direct employment potential of nearly 5,000 and an indirect potential of over 20,000, and it is very valuable and precious that all this investment is made with a focus on export markets."
"WE WILL SHARE TURKEY'S POTENTIAL"Kacır also pointed out that the international president of Chery attended the Investment Advisory Council Meeting, stating, "Our President also received him, and we consulted on how a potential investment in Turkey could be realized. We have been in very close communication and dialogue with Chery since the end of last year, and we have reached the final stages for that investment. Our goal is to achieve results there as well. We will continue to share Turkey's potential with both Chery and other brands." Kacır reported that they have also held investor meetings in the United States, stating that American and global brands are considering making new investments in Turkey. Kacır expressed that they expect significant results in the coming period in electric vehicles, batteries, and other high technology fields, stating that the high technology exports, which exceeded 9 billion dollars last year, are targeted to exceed 19 billion dollars by 2028. "WE WILL CONTINUE TO SUPPORT TOGG"In response to a question about whether the investments of BYD and other companies in Turkey would affect Togg's competitiveness, Kacır made the following assessment: Togg is actually a new technology brand. Every new brand needs significant ownership and support during the processes of its birth, crawling, and growth. We see that Togg has reached the production volume that the world's most valuable electric vehicle brand has achieved in its 5th or 6th year in just one year. This has been made possible by all of our ownership. As a nation, we approached Togg as a project that realized our dream of the 'Revolution car' from 60 years ago, as our President described it, "the car of the era," and we supported it. Togg will certainly give its due and will continue to do so. Some issues that can arise with every new technological product are also experienced. We strive to support the children of this country, who work tirelessly and diligently on Togg, and our brilliant engineers. I see that the pace of technological improvement is accelerating. The main elements of competition are R&D, innovation, and the ability to develop new generation products and services. Togg is making serious efforts in this regard. There is a significant research and development effort in electric vehicle technology, battery and electric motor technologies, and autonomous driving technologies. But of course, all of this will take time, and we will continue to support Togg during this time."
"TOGG WILL BE SEEN ON EUROPEAN ROADS AS WELL"Kacır stated that these brands are not only investing in Turkey but will also invest in different countries in Europe, saying, "Preparing for this competition is, of course, a necessity for us. It is not possible for a global brand to emerge by selling products only in the Turkish market. Hopefully, we will also export. Togg will be seen and sold not only on Turkish roads but also on European roads. In all these markets, we will compete with dozens, hundreds of brands and models. In the process of preparing for this competition, it is very important for us, both as a state and as a nation, to own our national brand." Kacır noted that there have been criticisms from some circles during the Togg project process, but now there are 37,000 Togg vehicles in the market, stating, "But let there not be such a perception. We bear the responsibility of all industrial sectors in Turkey, and we need to elevate all of Turkey's national capabilities in these sectors. The arrival of new generation investments in Turkey is actually good for our national brand that develops new generation technology." he said.
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