Why is Chinese EV giant BYD moving into Turkey?
We're in Manisa where preparations are being made to build a new car factory thanks to a $1bn deal with the automotive giant.
We’re in Manisa on Turkey’s west coast.
It’s one of the country’s manufacturing centres for home appliances like washers, dryers, and refrigerators.
But soon, thanks to a $1bn investment deal, it will also be a local factory hub for China’s BYD - the world’s second biggest maker of electric vehicles.
The Turkish government is desperate for international investment to turn around its economy, and the region would benefit from 5,000 jobs. China is keen to get another foothold into the European market. So is it win-win?
Produced and presented by: Victoria Craig
(Image: BYD vehicles in Istanbul as the Chinese automotive giant announced a huge factory investment. Credit: Getty Images)
Last on
More episodes
Featured
-
.
Broadcast
- Wed 21 Aug 2024 07:32GMTÂ鶹ԼÅÄ World Service
Podcast
-
![]()
Business Daily
The daily drama of money and work from the Â鶹ԼÅÄ.
Related Content