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

By Fulya Ozerkan China’s electric vehicle giant BYD on Monday signed a one-billion-dollar agreement with Turkey to open a plant in the country in a move that would help it dodge new EU tariff…

Production starts in 2026

Recently opened its first overseas vehicle assembly plant in Rayong province

Now has 117 BYD dealer outlets in place

On July 8th, BYD signed an agreement with the Turkish government to invest about $1 billion in building factories and research centers.

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.