Chinese Developments and Global Competition: BYD's Investments

The Chinese electric automotive giant BYD's investments in Turkey are in the spotlight. However, the investment process has turned into a long story.
BYD announced that it would invest 1 billion dollars in a factory in Manisa. However, construction has not yet begun. This situation affects competition in Turkey's electric vehicle market.
Cengiz Eroldu, President of the Automotive Industry Association, stated that there has been no movement in BYD's investment. This situation raises concerns about tax loss and unfair competition.
As Chinese car manufacturers face challenges in the European market, BYD's situation draws attention. The lack of explanation for why investments have not started creates uncertainty in the sector.
BYD's investments in Turkey gain more importance as global competition increases. The failure to realize the investment may present opportunities for other brands in the sector.
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