Why is Chinese EV giant BYD moving into Turkey?

Business Daily

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2M ago 17:28

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We’re in Manisa on Turkey’s west coast.

It’s one of the country’s manufacturing centres for home appliances like washers, dryers, and refrigerators.

But soon, thanks to a $1bn investment deal, it will also be a local factory hub for China’s BYD - the world’s second biggest maker of electric vehicles.

The Turkish government is desperate for international investment to turn around its economy, and the region would benefit from 5,000 jobs. China is keen to get another foothold into the European market. So is it win-win?

Produced and presented by: Victoria Craig

(Image: BYD vehicles in Istanbul as the Chinese automotive giant announced a huge factory investment. Credit: Getty Images)

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