Turkey could prove to be an economical way for Chinese EV brands to export their vehicles throughout Europe
BYD recently said it's interested in a second Europe an factory. Turkey is also speaking with SAIC and Great Wall about new manufacturing facilities. The country is set to impose a 40% customs duty on electric vehicles built in China. BYD and Chery could make significant factory investments in Turkey as Chinese car manufacturers continue to expand around the world and grow their sales in Europe .
5% of all new car sales in 2023, a figure that’s expected to jump to around 30.4% in 2032. The managing director of BYD Europe, Michael Su, recently said the company is interested in a second European factory that would support the site it’s currently building in Hungary. Bloomberg notes that additional European investments could help Chinese firms avoid potential tariffs they could be hit with after an EU probe into state subsidies they have reportedly received.
BYD Chery Electric Vehicles Europe Reports Turkey
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