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BYD is building a massive $1 billion EV plant in Turkey as global expansion accelerates

Baua Electric

BYD signed a deal to build a massive $1 billion EV plant in Turkey on Monday. Turkey’s President, Recep Tayyip Erdogan, is expected to officially announce the deal on Monday. Update 7/8/24 : BYD signs the deal for its new EV plant in Turkey, creating up to 5,000 jobs and a new foothold in Europe. on electric cars from China.

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BYD closes in on huge $1 billion EV plant in Turkey as global expansion accelerates

Baua Electric

BYD is closing in on a deal to build a massive $1 billion EV plant in Turkey. Turkey’s President, Recep Tayyip Erdogan, is expected to officially announce the deal on Monday. of new vehicle sales in Turkey last year, opening a significant opportunity for the Chinese EV maker. Electric cars accounted for 7.5%

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BYD gets the green light for EV plant in Turkey despite ‘risks’ overseas

Baua Electric

China’s largest EV maker, BYD , is charging ahead with its plans to open a new plant in Turkey. BYD’s EV plant in Turkey will continue despite China’s recent warning of the risks of investing overseas. According to Turkish industry ministry sources on Thursday, BYD’s investment in Turkey will proceed without any issues.

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World EV Sales Now Equal 17% Of World Auto Sales

CleanTechnica EVs

In October, global plugin vehicle registrations were close to beating their previous monthly sales record (1,291,000 units), which was just. continued] The post World EV Sales Now Equal 17% Of World Auto Sales appeared first on CleanTechnica.

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Turkey-based BD Otomotiv in talks to rescue THINK brand from bankruptcy

Green Car Congress

Sustainable transport group BD Otomotiv (BD OTO AS) said it is in advanced negotiations with the Norwegian court-appointed Trustee of THINK Global to rescue the electric vehicle brand from bankruptcy. BD Otomotiv is a Turkey-based investment group which in recent years has focused on electric transportation.

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Ford is cutting another 4,000 jobs in Europe as it loses ground in the global EV race

Baua Electric

Ford’s announcement comes as China’s leading EV maker, BYD, is quickly catching up in global deliveries. Electrek’s Take Ford’s restructuring in Europe comes as EV leaders, like China’s BYD, continue gaining ground in the global auto market. billion) in Q3 net income amid surging EV sales. billion (RMB 11.6

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BYD just nabbed another ‘world’s first’ milestone as record sales run heats up

Baua Electric

After its fifth straight record sales month, BYD is now closing in on top global automakers like Ford. October was BYD’s fifth straight record-breaking month for NEV sales, including plug-in hybrid (PHEV) and battery electric (EV) models. New facilities are coming online soon in Hungary, Brazil, Pakistan, Turkey, and Mexico.

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