Why BYD Opens A Factory In Turkiye ?
Why BYD Opens A Factory In Turkiye ?
BYD, the world's leading electric vehicle (EV) manufacturer, is shifting gears and setting its sights on Turkey. The news comes hot on the heels of their recent factory opening in Thailand, and it signals BYD's aggressive expansion plans for the global market. But why BYD opens a factory in Türkiye ?? Buckle up, car enthusiasts, as we explore the strategic reasons behind BYD's exciting move.
Gateway to Europe: Turkey boasts a strategic location, serving as a bridge between Europe and Asia. BYD's new factory will benefit from Turkey's customs union with the European Union, making it easier and cheaper to export EVs across the continent. This is a significant advantage, especially as BYD seeks to compete in the ever-growing European EV market.
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