Etiqueta: EU

China's electric vehicle giant BYD on Monday signed an agreement with Türkiye's industry and technology ministry to open a plant in the country, the government announced.

China's electric vehicle giant BYD on Monday signed an agreement with Turkey to open a plant in the country in a move that would help it dodge new EU tariffs.

Turkish officials anticipate an agreement with Chinese EV and battery maker BYD to build a $1bn plant near Izmir in the west of the country, Automotive News Europe reports.

China’s BYD, the world's largest electric vehicle producer, has signed a deal with the Turkish Industry and Technology Ministry to make investments in Türkiye, News.Az reports citing Anadolu Agency. - 2024-07-09 08:45:17

The new factory will provide BYD with improved access to the European Union due to Turkey’s customs-union agreement with the bloc. This development comes as the EU plans to impose provisional tariffs on electric vehicles (EVs) imported from China

BEV sales in Turkey exceeded 72,000 units last year

BYD-owned Chinese electric car brand's line-up will also include new Fangchengbao off-roader

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.

Prime Minister Srettha Thavisin has met with BYD Chief Executive Wang Chuanfu to discuss consumer concerns over pricing policies following steep discounts on the company’s electric vehicles (EVs) in Thailand. The meeting coincided with Wang’s visit to inaugurate BYD’s first Southeast Asian production facility in Rayong province. During their discussion, the prime minister stressed the […]