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Market
Will BYD produce over 10,000 EVs in Turkey in 2025?
3
Resolution / Starting Odds
Over 10,000 • 50%
Under 10,000 • 50%
Official production 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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Similar markets
Yes • 50%
No • 50%
Less than 30,000 units • 25%
30,000 to 50,000 units • 25%
50,000 to 70,000 units • 25%
More than 70,000 units • 25%
Above 2 million • 25%
1.5-2 million • 25%
1-1.5 million • 25%
Below 1 million • 25%
