Etiqueta: turkey

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.

China's electric vehicle giant BYD on Monday signed an agreement with Turkey's industry and technology ministry to open a plant in the country, the government announced.

The industrial park, which is adjacent to the Xiaomo Port, has already put into production the first phase of components and the second phase of vehicles.

The industrial park, which is adjacent to the Xiaomo Port, has already put into production the first phase of components and the second phase of vehicles.

Turkish officials anticipate an agreement with Chinese EV and battery maker BYD to build a $1bn plant near Izmir in the west of the country, Automotive News Europe reports.

China's electric vehicle giant BYD will open a factory Turkey, a government source told AFP on Monday, as the company continues its international expansion.

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

Bangkok is reportedly investigating BYD's distributor after a sales rep promised a customer that prices wouldn't fall further—and then they did.

BEV sales in Turkey exceeded 72,000 units last year