03.11.2026 00:31
YENİ Party Zonguldak MP Deniz Yavuzyılmaz claimed that due to the tax exemptions granted to Chinese automotive giant BYD, the public suffered a loss exceeding 615 million dollars, approximately 30 billion lira at current exchange rates. Yavuzyılmaz argued that BYD, which made a 1 billion dollar investment commitment, suspended its Manisa factory and sold 59,168 vehicles in Turkey during this process, and called on Minister Kacır and Minister Bolat.
(ANKARA)
- YENİ Party Zonguldak MP Deniz Yavuzyılmaz claimed that the public had suffered a loss of over $615 million due to tax exemptions granted to Chinese automotive manufacturer BYD. Yavuzyılmaz, noting that although BYD committed to a $1 billion investment in Turkey it suspended its factory project in Manisa, called on Minister of Industry and Technology Mehmet Fatih Kacır and Minister of Trade Ömer Bolat.
YENİ Party Zonguldak MP Deniz Yavuzyılmaz, in a statement on his social media account, brought to the agenda the investment incentives and tax exemptions granted to BYD. Yavuzyılmaz used the following statements in his post:
HE RECOUNTED IT DATE BY DATE
"We have determined that the AKP gave Chinese automotive giant BYD a $615 million tax giveaway! So how? On July 5, 2024, the Ministry of Trade begins paving the way for the favors it will grant BYD. It exempts imports made under the investment incentive certificate from additional customs duties. Three days later, on July 8, 2024, an 'investment agreement' is signed between BYD and the Ministry of Industry and Technology based on a $1 billion investment commitment. However, throughout the process: the details of the investment agreement signed with BYD are hidden from the public.
The incentive certificate given to BYD is kept almost like a secret! On June 10, 2026, BYD announces that there is no schedule for the Manisa investment it committed to make in Turkey and that it has suspended the project. So what did BYD do from July 2024, when the investment agreement was signed, until June 2026, when it suspended the investment? It sold exactly 59,168 vehicles in Turkey in a privileged manner, with huge tax reduction advantages! By the hand of the AKP, the fair competition environment in the automotive sector has been shattered!
THE 30 BILLION LIRA ACCOUNT
Result: The amount of tax loss is $615 million! About 30 billion lira at the current exchange rate! How did I calculate it? Within the scope of the tax-free import right granted to BYD by the Ministry of Trade; when an average pre-customs price of $11,500 per vehicle is taken; when the customs duty, additional tax exemption, and the cascading effect of these exemptions on the Special Consumption Tax and VAT bases are calculated, the total tax loss exceeds $615 million. I am making an urgent call here!
CALL TO TWO MINISTERS
To Minister of Industry and Technology Mehmet Fatih Kacır: either have BYD immediately establish the factory it committed to, or immediately cancel the incentive certificate and take back all the support provided! To Minister of Trade Ömer Bolat: immediately repeal the regulations that exempt BYD from taxes on Chinese-origin vehicles. Before the statute of limitations expires, collect from BYD the $615 million, which is the right of the state and the citizen, together with interest!"