Etiqueta: EU

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...

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