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Market
What will be the primary market for EVs produced at BYD's Turkey plant in 2025?
2
Resolution / Starting Odds
Turkey • 25%
European Union • 25%
Middle East • 25%
Other • 25%
Sales reports from BYD, verified by major news outlets like Bloomberg or Reuters
Story
Bloomberg Exclusive: Turkey to Announce $1 Billion EV Plant Deal with China's BYD
Jul 5, 2024, 11:32 AM
Turkey is set to announce a $1 billion agreement with China's electric vehicle manufacturer BYD Co. for the construction of a new plant in the western part of the country. The deal, reported as a Bloomberg Exclusive, aims to expand BYD's presence in major domestic markets and mitigate the impact of tariffs through strategic overseas investments. Turkey, which has high EV tariffs and a customs union with the European Union, presents a significant opportunity for BYD to navigate these trade barriers.
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