Turkey confirms BYD's Manisa plant investment terms stay in force

Chinese electric‑vehicle maker BYD announced a plan to build a 150,000‑vehicle‑per‑year production facility in Manisa, Turkey. The Turkish Ministry of Industry and Technology confirmed that the investment agreement, its contractual conditions, the company’s obligations and the financial guarantees it has provided all remain valid. Land for the plant was allocated after BYD paid the required amount, and the formal investment process had officially begun.

Because progress on the project has stalled, the ministry has temporarily suspended BYD’s eligibility for state incentives until the start of 2026. The ministry warned that if the investment is not completed within the agreed timeline, BYD will be required to repay any incentives received, in line with the country’s claw‑back rules. Officials emphasized that the procedures apply equally to all domestic and foreign firms and that public interests are being protected throughout the process.