Turkey in Advanced Talks with Chinese EV Giants for Local Manufacturing

BYD and Chery negotiations could boost sales to Europe, bypass tariffs, and offer battery investment opportunities.

Turkey's Minister of Industry and Technology confirmed advanced negotiations with BYD and Chery for factory investments.
Other Chinese automakers, SAIC and Great Wall Motor, are also in talks for potential manufacturing in Turkey.
Local production could help Chinese firms avoid EU tariffs and leverage Turkey's customs union with the EU.
Turkey aims to protect its domestic EV maker, TOGG, while attracting significant foreign investment.
A final decision on the investments is pending, with potential benefits for Turkey's automotive export market.