Emphasis on Green Technology and High Value-Added Investment Cooperation Between Türkiye and China

Minister of Industry and Technology Mehmet Fatih Kacır announced at the Türkiye-China Green Development Business Forum, organized in Istanbul in partnership with the Foreign Economic Relations Board (DEİK) and the China Council for the Promotion of International Trade (CCPIT), that Türkiye is ready to implement high-technology and value-added focused projects with China.

Minister Kacır stated that Türkiye offers a reliable and predictable investment environment for international investors and expressed appreciation for the success of Chinese brands in green technologies. Sharing Türkiye's 2040 targets in his speech, Kacır announced that the number of electric and hybrid vehicles is planned to increase from 1.4 million to 20 million.

Referring to the targets for renewable energy and storage investments, Kacır noted that the aim is to increase the installed capacity in solar and wind energy from 43 gigawatts to 175 gigawatts. Furthermore, Kacır stated that 140 gigawatt-hours of battery capacity will be established in storage power plants, emphasizing that COP31 will offer opportunities to strengthen international collaborations.