Etiqueta: turkey

Cars: Chinese BYD will open a billion dollar factory in Türkiye Read the news on Agenzia Nova

Cars: Chinese BYD will open a billion dollar factory in Türkiye Read the news on Agenzia Nova

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 has reached a deal with the Turkish government to build a $1 billion electric vehicle plant in the country, part of the European Union’s Customs

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

Chinese electric car <a target="_blank" href="https://menafn.com/MenaGoogleSearch.aspx?cx=partner-pub-1786942026589567%3Asao396-3ere&cof=FORID%3A10&i

The factory will produce 150,000 electric and hybrid vehicles annually, part of a move that could bolster the Chinese automaker’s foothold in Europe

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...