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The company says it will begin work on a $1 billion factory in the country in 2026

Chinese automaker BYD announced it is building a $1 billion car factory in Turkey.

BYD Agrees $1 Billion Tariff-Dodging Car Plant in Turkey

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

Production starts in 2026

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

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.

Adding to its arsenal of low-cost electric cars, BYD launched its updated 2025 Dolphin EV on Monday. The new Dolphin...

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

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