BYD invests $1bn in Turkey, increasing automotive capacity to 2.3 million units.

BYD's $1bn Turkish investment to increase Turkey's total automotive capacity to 2.3 million units and add 150k vehicles in Manisa. The move could impact other Chinese automakers and potentially see new brands enter the market. OSD President Cengiz Eroldu believes the investment signals effective government taxes, accelerating investment decisions and could spur technology transfer from China.

July 18, 2024
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