BYD to make energy storage investment in Ankara after canceling Manisa factory
Key Points
- BYD and Solinved are establishing a facility in Ankara Polatlı to produce lithium batteries and energy storage systems.
- The total value of the investment, planned to start in August, will reach 250 million liras.
- The facility will have an annual production capacity of 5 GWh, and the products are planned to be exported worldwide.
- The company had canceled its planned 1 billion dollar Manisa automobile factory project for 2024.
By the Numbers
Chinese electric car manufacturer BYD is making another move in Turkey after abandoning its factory investment in Manisa. In collaboration with Solinved, the company will establish a facility in Ankara Polatlı to produce lithium batteries and energy storage systems. The factory, which is planned to become operational in August, is expected to reach a total investment amount of 250 million liras.
The facility, anticipated to have an annual production capacity of 5 GWh, will manufacture products such as battery cases, container-type energy storage systems, electric vehicle charging stations, and solar inverters. While some of these products manufactured in Ankara will be offered to the domestic market, a large portion will be exported all over the world.
This new step by BYD, which shifted its production priority to Hungary last year by canceling its automobile factory project in Manisa that would have been worth 1 billion dollars and employed 5 thousand people, is drawing attention. The energy storage facility investment is of great importance as it demonstrates the company's continuation of its commercial ties with Turkey.
React to this story
Ask about this story
Answers are AI-generated from this story only.
Frequently Asked Questions
- What exactly will the facility BYD establishes in Ankara produce?
- The facility in question will manufacture energy technologies such as lithium battery cases, energy storage systems, electric vehicle charging stations, and solar inverters.
- Why did BYD abandon establishing an automobile factory in Manisa?
- The company canceled its factory investment in Manisa because it made a strategic change and gave priority to Hungary in its European production plans.
- What will be the production capacity and investment amount of the new facility in Ankara?
- The total amount of the investment in the facility will be 250 million liras, and the factory is planned to have an annual production capacity of 5 GWh.
This is an AI-generated summary. The full story lives at the source.
Read the full story at the sourceekovitrin.comHow we produce our content →