Etiqueta: EU

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 […]

The new factory would improve BYD’s access to the European Union, because Turkey has a customs-union agreement with the bloc.

The new factory would improve BYD’s access to the European Union, because Turkey has a customs-union agreement with the bloc.

New factory may offer BYD access to the EU market avoiding recently imposed tariffs

Prime Minister Srettha Thavisin called on BYD, China

As the EU implements increased tariffs on Chinese EVs, Beijing-backed automaker BYD is reportedly building a new $1 billion plant in Turkey.

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.

Chinese EV maker BYD is set to sign a $1 billion deal with Turkey for a manufacturing plant in Manisa province. President Recep Tayyip Erdogan will announce the agreement on Monday. The new facility aims to enhance BYD's access to the EU market.

BYD is closing in on a deal to build a massive $1 billion EV plant in Turkey. The news comes...