Etiqueta: Volkswagen

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…

Production starts in 2026

On July 8th, BYD signed an agreement with the Turkish government to invest about $1 billion in building factories and research centers.

BYD will set up $1bn EV plant in Turkey as per Turkish government officials. The official announcement will be made by the Turkish President.

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.

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

Chinese BYD that overtook Elon Musk's Tesla in the fourth quarter of 2023 to become the world's top seller of electric vehicles plans to build a $1 billion plant in Türkiye, according to media reports.

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

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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.