Details have emerged regarding the automotive investments announced by President Erdoğan. It has been reported that work is progressing rapidly at the BYD factory in Manisa, which was signed last year. The other automotive giant Chery is said to be preparing for Samsun. Minister of Industry and Technology, Fatih Kacır, shared the latest developments in automotive sector investments. President Recep Tayyip Erdoğan had announced new investments after his visits to Malaysia, Indonesia, and Pakistan. Erdoğan mentioned that two Chinese electric car manufacturers will establish factories in Turkey, stating, “We have made an agreement with a Chinese company. They intend to establish a factory in Manisa. Another Chinese brand is also preparing to establish a factory in Samsun. Work is continuing on this matter.” Minister Kacır revealed the details of the automotive investments that President Erdoğan had announced. STATUS OF BYD’S INVESTMENT Speaking on a program on CNN Turk, Kacır mentioned that an agreement was signed with BYD last year, saying, “BYD has taken its place in the organized industrial zone in Manisa. They are progressing rapidly, with a $1 billion investment. The factory will have a production capacity of 150,000 and will create 5,000 direct and 25,000 indirect jobs.” CHERY IS COMING TO SAMSUN Minister Kacır stated that discussions with the Chinese automotive giant Chery were nearing completion, saying, “Our negotiations with other brands are also nearing completion. Our aim is to bring a second major investment to Samsun. We are in serious dialogue with Chery about Samsun. It looks like this deal will happen.” Kacır also added that they expect the capacity and investment amount of the factory to be established in Samsun to be at least as large as BYD’s.