Electric cars in Turkey attract Chinese investments amounting to about one billion dollars, which enhances the ambitions of the two countries as Beijing seeks to overcome obstacles to exports to Europe while Ankara aspires to strengthen its position as a major center for the automobile industry.

In this context, BYD agreed to a billion-dollar deal to establish an electric car factory in Turkey, aiming to increase its production in Europe and expand the scope of its foreign operations.

The factory is scheduled to be able to produce 150,000 vehicles annually starting at the end of 2026, which will provide about 5,000 job opportunities.

This step comes at a time when BYD, the second-largest electric car manufacturer in the world after Tesla, seeks to benefit from the large European Union market in light of the import restrictions imposed on Chinese cars.

These investments are evidence of Chinese automakers adapting to avoid protectionist measures as BYD faces 27.4% tariffs on Chinese electric vehicles imported into Europe.

Turkey is working to support the local auto industry by imposing additional customs tariffs on Chinese car imports while seeking to attract foreign investments that promote innovation and advanced green technology.