Will BYD's $1 Billion Investment in Türkiye Realize?

Recently, various allegations have surfaced regarding the BYD Turkey investment, which has significantly impacted the automotive sector. The head of a non-governmental organization made serious statements suggesting that the project has been cancelled. This situation has aroused great curiosity among investors and local residents.

Ali Suat Ertosun, President of the Manisa Association for the Protection of Cultural and Natural Heritage and the Environment, stated, based on information from reliable sources, that the Chinese giant BYD has abandoned its plans to build the factory. He also noted that despite official statements, there are strong indications that the project will not materialize, and he shared this information with the public.

Conflicting Statements and Current Situation

Government officials claim that the work related to the investment is progressing according to the planned schedule. However, Ertosun points out that inspections in the region have revealed no construction or infrastructure work yet on the Karaali lands. Although the planned facility is expected to become operational in 2026, he notes that the site is only empty land and no foundations have been laid yet. This situation raises serious concerns about the use of the region's fertile agricultural lands and states that the investment's promises of employment are unrealistic.

Housing and Infrastructure Allegations

A decision by the Organized Industrial Zone (OSB) has sparked controversy, suggesting that the housing units will be built exclusively for Chinese employees. Furthermore, rumors are circulating about the cancellation of the electronic tender process for the factory's infrastructure. All these developments raise questions about the future of the multi-billion dollar investment. It is also believed that the increase in the current account deficit between Türkiye and China is linked to these developments.

What are your thoughts on BYD's investment in Manisa? Don't forget to share your comments and opinions with us!

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