Your Position：  Home>News&events

  • Search our
    Our Products


  • Contact Us
    Get Certificates

Phone:
0086-512-69320286
Email:
info@kingrunauto.com
VIEW OUR PRODUCTS

BYD of Turkey market

author: Julia [ 2024-07-16 13:28:25 ]

BYD or will use Turkey to build a factory to compete in the European market on July 8, local time, BYD and Turkey's Ministry of Industry and Technology signed an investment agreement to build a factory, Turkish President Erdogan attended the signing ceremony Under the agreement.

BYD will invest about $1 billion (more than 7 billion yuan) in Turkey to establish a plant and research and development center with an annual capacity of 150,000 vehicles, which is scheduled to be put into production by the end of 2026, after Turkey announced a decision to revise additional tariffs on imported products According to the latest rules, car manufacturers that invest in Turkey will enjoy investment incentives and will not have to pay an additional 40 percent tariff, but only pay a 10 percent tariff, although Turkey is not a member of the EU, it enjoys a customs union agreement with the EU In the context of the EU's increased tariffs on Chinese electric vehicles, BYD's production of cars in Turkey may become an important way to enter the European market. 

The prosperity of the automobile market will bring a strong backing to the auto parts market.


PRODUCTS

LINK

www.kingrunauto.com all rights reserved.   Sitemap XML