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

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 reportedly faces scrutiny in Thailand over pricing issues. In another development, Denza, the premium brand of BYD, has reportedly unveiled interior details of the Z9GT, a new model that is expected to go on sale at the end of the year.

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

The new plant could give BYD easier access to the European Union, with which Turkey has a customs union agreement, said a Bloomberg report.

05 Jul 2024 - Even though Tesla has again managed to remain ahead of BYD in the global battery-powered EV (BEV) production and sales race, analysts say it's only a matter of time before the Chinese car giant moves into the lead.

BYD's blended price rose 1 percent month-on-month in June, while those of Nio, Xpeng, and Li Auto remained stable.

In May, it was reported that BYD plans to build an automotive assembly plant in Indonesia’s West Java, with groundbreaking scheduled for July.