Etiqueta: thailand

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

BYD, backed by Warren Buffett's Berkshire Hathaway, has announced plans to invest $1 billion in the construction of an EV plant in Turkey.

BYD's Turkish plant has a planned annual capacity of 150,000 vehicles, and the signing was witnessed by the Turkish president.

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.

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...

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.

BYD (BYDDY) agrees to buy a 20% stake in Rever to consolidate its presence in the Southeast Asia auto market and to enhance its competitiveness in Thailand's auto industry.

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