BYD Expands Global Footprint with $1 Billion EV Plant in Turkey

New facility aims to bypass EU tariffs and bolster European market presence, creating 5,000 jobs by 2026.

BYD's Turkey plant will have an annual production capacity of 150,000 vehicles.
The facility will include a research and development center for sustainable mobility technologies.
Turkey's customs union with the EU allows tariff-free exports to the bloc.
The move follows increased tariffs on Chinese EVs by the EU and US.
BYD is also expanding in Thailand, Hungary, Brazil, and Mexico.