Etiqueta: Chery

BYD plans to open a $1 billion factory in Turkey that is expected to begin production by the end of 2026.

On July 8th, BYD signed an agreement with the Turkish government to invest about $1 billion in building factories and research centers.

BYD will set up $1bn EV plant in Turkey as per Turkish government officials. The official announcement will be made by the Turkish President.

Chinese BYD that overtook Elon Musk's Tesla in the fourth quarter of 2023 to become the world's top seller of electric vehicles plans to build a $1 billion plant in Türkiye, according to media reports.

Turkey will soon unveil an agreement with BYD Co. to construct a $1 billion plant in the west of the country, Turkish officials said, boosting the Chinese carmaker’s presence in Europe at a time of escalating trade tensions.

Here are some basic facts about the EU's planned customs duties.

Ayvens has signed a Memorandum of Understanding with BYD to support the Chinese carmaker’s European expansion.

The Chinese heavyweight has inked MoU with Ayvens

Latin America could emerge as a critical market for Chinese EVs, which are facing greater barriers to entry into the U.S. and European Union.

Chinese automakers, like BYD Co and Xiaomi Corp, are using livestreaming to attract younger buyers and showcase their technology and performance, following in Tesla's footsteps. This approach is cost-effective and allows for direct engagement with potential customers.