BYD builds $1 billion plant in Turkey, production scheduled for 2026
Hawk News
2024-07-11 10:15:08
2.86W
Share to:
Collect
_680230275_338.png?w=256&q=100)
Hot List Ranking
- Li Ka-shing sells off most of his global port operations, retaining his Chinese businessHawk News
- TSMC invests an additional $100 billion in the United States, setting a record for the largest foreign investment in U.S. historyHawk News
- BYD's strongest financial report is released: revenue of 777.1 billion yuan, annual dividend exceeds 10 billion yuan for the first timeHawk News
- The original signing date has been postponed, and Li Ka-shing's port transaction has been urgently stoppedHawk News
- China's Ministry of Commerce: If the US continues to play the tariff numbers game, China will ignore itGlobal Finance
July 8, local time
BYD and the Turkish government signed an agreement to invest and build a factory in Turkey, with Turkish President Recep Tayyip Erdogan and BYD Chairman Wang Chuanfu attending the signing ceremony.
Turkish Minister of Industry and Technology Mehmet Cahill said: BYD will invest 1 billion U.S. dollars (about 7.273 billion yuan) to establish a production plant with an annual capacity of 150,000 vehicles as well as a research and development center in Turkey, which is scheduled to be put into production by the end of 2026 and will employ 5,000 people.
According to reports, the automotive industry is the leading industry in Turkey, the amount of Turkish car exports in 2023, more than 35 billion U.S. dollars (about 254.5 billion yuan).
·Original
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
Guess what you like
