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09 Jul

Turkey secures $1 billion EV investment from BYD

Chinese electric vehicle company BYD inked on Monday a $1 billion investment agreement with Turkey’s industry and technology ministry, as the EU holds trade talks with Ankara. Turkish President Tayyip Erdogan received BYD’s board of directors in Istanbul and was present at the signing ceremony, Kallanish learns from a government statement. The plant is planned to produce 150,000 EVs/ year, with production starting at the end of 2026. The project wil…
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