Logo 08 Jul 2024

Türkiye welcomes BYD investment amid tariff hikes

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Türkiye will soon announce a USD 1 billion investment by BYD in a new production plant, giving the Chinese electric vehicle (EV) maker a new production base in the European market.

Bloomberg first reported the plan on Friday, citing unnamed Turkish officials.

It's a huge win for BYD, Türkiye, an...