CHINESE electric-vehicle (EV) giant BYD is forging ahead with its US$1 billion factory and research and development (R&D) centre in Turkey, with production expected to start by late 2026, a Turkish official said, reports Caixin
CHINESE electric-vehicle (EV) giant BYD is forging ahead with its US$1 billion factory and research and development (R&D) centre in Turkey, with production expected to start by late 2026, a Turkish official said, reports Caixin. The project has received all the necessary permits, and is expected to begin construction early next year at a site in western Turkey's Manisa province, said Kaan Masatci, a project manager at Turkey's presidential investment office.
'[The project] will bring Chinese workers together with Turkish workers. They will start construction. There is no suspension,' Mr Masatci said on the sidelines of the China International Supply Chain Expo in Beijing.
His comment come amid rumours that the project was facing delays, following a June 8 announcement that Ankara would impose a 40 per cent additional tariff on fuel and hybrid vehicles originating from China, adding to similar levies on imports of electric vehicles announced in 2023.
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