Türkiye is quickly emerging as a hub for global investments, particularly in the automotive industry, with the nation attracting international carmakers through various projects and production programs.
The country’s strategic geographical location, coupled with a young and skilled workforce, has positioned Türkiye as an active player in global supply chains, enticing global brands to invest in research and development initiatives.
One such significant investment came from Chinese electric vehicle (EV) maker BYD, who injected $1 billion into Türkiye, paving the way for other companies to follow suit and invest in the country’s burgeoning automotive sector.
BYD’s investment is expected to create thousands of direct and indirect jobs, with Türkiye also witnessing a surge in opportunities for investments in sectors related to the automotive industry.
As Türkiye aligns itself with rapid technological advancements, the nation has established its own research and development ecosystem, including the installation of fast charging stations to support the widespread use of EVs nationwide.
Notably, Chinese carmakers like Chery, Skywell, MG, and DFSK have also announced investments in Türkiye, further solidifying the country’s position as a favorable destination for international investments in the automotive sector.
Moreover, the partnership between Chinese battery maker Ganfeng Lithium and Turkish firm Yigit Aku highlights Türkiye’s growing prominence in promoting international trade in lithium ion batteries and other related products through joint ventures.
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