Etiqueta: turkey

The new factory would improve BYD’s access to the European Union, because Turkey has a customs-union agreement with the bloc.

BYD is very serious about expanding into the international market, the latest Chinese manufacturer is rumored to have approached an agreement with the Turkish government to build a factory in the country.

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The new factory would improve BYD’s access to the European Union, because Turkey has a customs-union agreement with the bloc.

New factory may offer BYD access to the EU market avoiding recently imposed tariffs

As the EU implements increased tariffs on Chinese EVs, Beijing-backed automaker BYD is reportedly building a new $1 billion plant in Turkey.

Turkey will soon unveil an agreement with BYD Co. to construct a $1 billion plant in the west of the country, Turkish officials said, boosting the Chinese carmaker’s presence in Europe at a time of escalating trade tensions.

Chinese EV maker BYD is set to sign a $1 billion deal with Turkey for a manufacturing plant in Manisa province. President Recep Tayyip Erdogan will announce the agreement on Monday. The new facility aims to enhance BYD's access to the EU market.

BYD is closing in on a deal to build a massive $1 billion EV plant in Turkey. The news comes...

The new plant could give BYD easier access to the European Union, with which Turkey has a customs union agreement, said a Bloomberg report.