Etiqueta: EU

Production starts in 2026

BYD Outfoxes EU With $1 Billion Turkish EV Factory

BYD plans $1B EV plant in Turkey, creating 5,000 jobs by 2026.

China's BYD Co (HKG:1211, LSE:0HKY, OTCQX:BYDDY) has agreed to a $1 billion deal to build an electric vehicle plant in Turkey, enhancing its European...

BYD has reached a deal with the Turkish government to build a $1 billion electric vehicle plant in the country, part of the European Union’s Customs

BYD, the world's largest electric car maker, has agreed to invest $1 billion to set up a manufacturing plant in Turkey, with a deal signed in Istanbul between Fatih Kacır Mehmet, Turkey's Minister of Industry and Technology, and BYD Chairman Wang Chuanfu in a ceremony attended by Turkey's President Recep Tayyip Erdogan. The Turkish state news agency Anadolu reported that the plant, which will start production by the end of 2026, would have capacity to produce up to 150,000 EVs a year.

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 electric vehicle maker BYD has reached an agreement with the Turkish government to construct a $1 billion production plant in Turkey capable of producing 150,000 vehicles annually.

The plant is expected to improve BYD’s “logistical efficiency” as it aims to reach European customers

BYD signed a deal to build a massive $1 billion EV plant in Turkey on Monday. The news comes after...