China's BYD to open electric car plant in Türkiye: government source
The Peninsula
Istanbul: China s electric vehicle giant BYD will open a factory in T rkiye, a government source told AFP on Monday, as the company continues its inte...
Istanbul: China's electric vehicle giant BYD will open a factory in Türkiye, a government source told AFP on Monday, as the company continues its international expansion.
"BYD will open a plant in Türkiye," the source said, adding the details would be announced by President Recep Tayyip Erdogan.
The announcement comes days after the EU slapped additional provisional tariffs of up to 38 percent on Chinese EVs following an investigation that concluded state subsidies meant they were unfairly undermining European rivals.
Turkish-made cars enjoy beneficial access to the EU under a customs union that dates to 1995.
The Marmara region around Istanbul has become one of the leading centres of the world's automobile industry.
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