Skywell Brings 1.6 Billion Dollars of Investment to Turkey: Here are the Statements of its CEO
Skywell stands out as an important player in the electric vehicle industry. The China-based company continues its preparations to enter the Turkish market. Skywell Turkey CEO Mahmut Ulubaş said in his statement to Bloomberg HT that they will invest 1.6 billion dollars in Turkey and will operate in areas such as battery production, vehicle development and sales.
Who is Skywell Türkiye CEO Mahmut Ulubaş?
Skywell Türkiye CEO Mahmut Ulubaş was born in Istanbul in 1975. He graduated from Istanbul Technical University, Department of Electrical Engineering. Later, he completed his master's degree and doctorate at the Massachusetts Institute of Technology (MIT) in the USA. He specialized in electric vehicles, battery technologies, artificial intelligence and robotics. He worked as a manager and consultant in various companies. In 2020, he was assigned to establish Skywell's Türkiye operations.
What does Skywell do to Turkey? ZamIs the moment coming?
Skywell Turkey CEO Mahmut Ulubaş stated in his statement to Bloomberg HT that they will bring a total investment of 1.6 billion dollars to Turkey. Ulubaş said, “Negotiations are continuing with the Ministry of Industry and Technology and the Presidential Investment Office. "I think the application process for official investment will be completed within three months," he said. Ulubaş said that the investment includes developing battery management systems for both its own vehicles and other vehicles.
Which Vehicles Will Skywell Sell in Turkey?
Skywell Turkey CEO Mahmut Ulubaş stated that they will sell both passenger and commercial vehicles in Turkey. Ulubaş said, “The target for this year in Turkey was to sell 39 thousand electric vehicles. We plan to close the year with 60 thousand sales. "We have a positive motivation for the future," he said. Ulubaş stated that Skywell's vehicles can be charged in 6,5 minutes and that the service network will be expanded. Ulubas added that Skywell aims to expand into the Balkans and European markets after Turkey.