BYD To Open New Manufacturing Facility In Turkey

Chinese automaker BYD has inked a deal with the Ministry of Industry and Technology in Turkey to build a new manufacturing facility in the country, according to a report by Turkish news agency Anadolu. BYD is set to make an investment of $1 billion (roughly ₹8,346 crore) to build the new plant. 

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While details remain scant, the new plant is expected to be built in Manisa which was previously allocated to Volkswagen. The new plant will have a capacity to produce 150,000 vehicles annually and serve as a mobility and research and development (R&D) centre. 

Production from the new facility is said to begin towards the end of 2026 and will create 5,000 jobs in Turkey. Furthermore, the plant is expected to increase BYD’s logistics in Europe and help strengthen BYD’s expansion in the continent. 

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Last week, the European Union announced that electric vehicles imported from China will now have to pay up to 38 per cent import tax. Similarly, Turkey has also imposed a 40 per cent import tax to promote domestic production.