Etiqueta: Tariffs

BYD, China's largest electric vehicle (EV) maker, is to setup a manufacturing plant in Turkey, as EU tariff talks falter

BYD, China’s biggest electric vehicle pmanufacturer and Tesla’s direct rival, has just signed a $1 billion deal for a factory in Türkiye, to open in 2026 The […]

BYD, China’s biggest electric vehicle pmanufacturer and Tesla’s direct rival, has just signed a $1 billion deal for a factory in Türkiye, to open in 2026 The […]

BYD's global deliveries could reach 6 million units by 2026, including about 1.5 million units in overseas markets, JPMorgan said.

New research is predicting that Chinese brand BYD could replace Tesla as the best-selling manufacturer of electric vehicles. According to Bloomberg Intelligence’s (BI) Global BEV Report 2024, the global BEV sales mix could reach 15% by 2025, up from last years 11%, before doubling to 31% in 2030. It predicts China will remain the most

Tesla's Chinese EV rival is building a factory in Turkey.

Chinese electric vehicle maker BYD will invest $1 billion to build a new car factory in Turkey that will be able to produce 150,000 electric and hybrid vehicles annually. The

In a post on the social media platform X on Monday, Turkey’s Vice President Cevdet Yilmaz confirmed that BYD is expected to begin production of vehicles in the new factory at the end of 2026 and that the facility will provide around 5,000 direct jobs.