Chinese EV giant BYD to build $1 billion plant in Turkey
What is BYD's investment amount for the Turkey factory?
BYD's investment for the Turkey factory is $1 billion. The factory will have an annual production capacity of 150,000 electric and hybrid vehicles and is expected to create up to 5,000 jobs in the country. Production is set to begin by the end of 2026.
How many vehicles will the new BYD factory produce annually?
The new BYD factory in Turkey will have the capacity to produce 150,000 electric and hybrid vehicles annually1. The factory, which is part of a $1 billion investment by the Chinese automaker, is expected to start production at the end of 2026 and will also include a research and development center for sustainable mobility technologies1.
When is BYD's Turkish factory expected to start production?
BYD's Turkish factory is expected to start production at the end of 2026. The facility will be able to produce 150,000 electric and hybrid vehicles annually and is part of a $1 billion investment by the Chinese electric vehicle manufacturer5.