Etiqueta: turkey

The company will begin building cars at its new factory in Hungary by the end of 2025 and a separate new facility in Turkey will come online shortly after.

The fast-growing Chinese automaker BYD has announced plans to build a vast manufacturing facility in Turkey's Manisa province.

As the global automotive industry rapidly electrifies, China’s consolidation of electric vehicle supply chains has caused geopolitical tensions. This has led both the United States and European Union to raise import tariffs on Chinese EVs – risking a possible trade war. This DGAP Policy Brief compares the approaches of the US and EU and recommends how Germany can support the EU’s position while ensuring fair competition for its automotive industry.

Is it any company with a factory in the Old Continent or one with its headquarters there? The answer will raise even more important questions.

Chinese car maker looks at a world of car plants in drive to dominate global EV sales

BYD's flexible pricing strategy, expansion into new markets, and development of luxury and plug-in hybrid vehicles position it for long-term success. See more here.

12 Jul 2024 - Chinese EV giant BYD is in the process of establishing an international network of plants and distribution facilities to circumvent the steep tariffs planned by the US and the European Union.

BYD reached an agreement with the Turkish government to invest $1 billion in building an electric and plug-in hybrid vehicle factory in the region. The new factory is set to start production by the end of 2026. It will have an annual production capacity of 150,000 vehicles, making it the first foreign-owned Electric Vehicle (EV) plant in Turkey.

This expansion isn't just about growth, it's also a strategic play for BYD to go global

Tesla's rival BYD has signed an agreement with the Turkish Government to build a major EV production plant in the country.