New investment in Turkey – Which automaker will build a factory?

Another automaker is seriously considering building a factory in Turkey, strengthening the neighboring country’s position in the automotive world.

It is known that Turkey has served as a magnet for many automobile manufacturers in the past, which have established new production units taking advantage of… Cheap manpower but also the geographical location of the neighboring country.

In fact, Turkey’s courtship of the global auto industry does not stop there It remains the target of many manufacturers trying to conquer the Old Continent market But without increasing its production costs.

Contacts with Tesla may not have led to the desired result yet, but Turkey appears to be very close to another no less important deal.

In particular, reports in the international press indicate this Skywell, a Chinese company of origin, is ready to move forward with major investments in TürkiyeThe value of which in the first phase will be $1.6 billion.

According to the data so far, negotiations with the Turkish government are scheduled to be completed within the next three months, while The Skywell facilities will handle battery manufacturing and management, both for the Chinese brand’s own models and for other automakers.

Skywell is already active in Turkey, has 19 agents in the neighboring country and is achieving impressive results.

Despite initial expectations of sales of 39,000 units in 2023, Skywell will end the year with Nearly 60,000 electric models were introduced to the Turkish marketThis confirms the momentum enjoyed by the Chinese auto industry in the neighboring country.

It is worth noting that manufacturers such as Hyundai, Toyota and Fiat already have production units in Turkey, which contributes greatly to arming the Turkish economy.

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