Etiqueta: turkey

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

BYD plans to open a $1 billion factory in Turkey that is expected to begin production by the end of 2026.

Hong Kong (CNN) — China’s BYD, which vies with Tesla for the title of the world’s top maker of battery electric vehicles, has agreed to build a $1 billion car factory in Turkey, the Turkish government has announced.

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…

ALBAWABA – BYD “Build Your Dreams”; the main automotive subsidiary and brand of BYD Company, a publicly listed Chinese multinational manufacturing company announced signing an agreement to start building an electric cars factory in Turkey of $1 billion.This agreement was signed with the Turkish government with the aim to manufacture and develop around 150,000 cars. The factory will include a research and development center as well and the...

Production starts in 2026

BYD Outfoxes EU With $1 Billion Turkish EV Factory

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.

China's BYD Co (HKG:1211, LSE:0HKY, OTCQX:BYDDY) has agreed to a $1 billion deal to build an electric vehicle plant in Turkey, enhancing its European...