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BYD CEO Wang Chuanfu signs deal for new factory with Turkish President Recep Erdoğan
BYD CEO Wang Chuanfu signs a deal for a new factory with Turkish President Recep Tayyip Erdoğan.

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  • BYD is ramping up its quest for global electric vehicle dominance. 
  • The Chinese EV maker has struck a deal to build a $1 billion factory in Turkey.
  • It could provide BYD with a route around the EU's punishing tariffs on Chinese EV makers.

BYD is ramping up its quest for global EV dominance.

The Chinese EV giant, which briefly overtook Elon Musk's company as the world's top seller of EVs last year, has struck a deal to build a $1 billion factory in Turkey.

Tags
Transportation, trending-uk, byd, tesla, EVs, Turkey, China
Source
Beware, Elon Musk — BYD just took its next step toward world domination