Chinese electric vehicle (EV) giant BYD has put its plans to establish a manufacturing plant in Turkey on hold, sparking concerns about the country's growing importance in the global EV supply chain. The move comes as the company seeks alternative locations in Europe, where it is already investing heavily in production capacity. Industry insiders speculate that BYD's decision may be driven by Turkey's ongoing economic and political challenges, as well as increasing competition from other European countries vying for EV investment. As the global EV market continues to boom, BYD's next move will be closely watched by investors and analysts alike.
BYD puts Turkey plant plans on hold – and seeks alternative in Europe electrive.com
