BYD's Investment in Turkey on Hold
October 19, 2026
The $1 billion investment by BYD in Turkey seems to have failed, as the construction of the factory has been frozen. The factory, intended for electric vehicle production, has not begun, and BYD is shifting its focus to other European countries. The Turkish government acknowledged that investment incentives were suspended due to a lack of progress. This situation is concerning, as Turkey has not secured the promised productions. These developments create uncertainty about the future of the project.