Planned Turkey Factory Could Flood UK Market With Chinese EVs

Published on July 12, 2024

Chinese electric car maker BYD’s plan to make 150,000 cars a year in Turkey could allow the company to avoid tariffs, making it “a lot easier” to export to the UK and elsewhere. Bypassing tariffs would also make it “very, very difficult” for domestic manufacturers to compete with the Chinese brand, says Jim Saker, professor at the Loughborough University. BYD’s Turkey move came hot on the heels of an EU decision to impose tariffs of up to 37.6 percent on Chinese-manufactured electric vehicles (EVs), and meanwhile, the UK is debating whether it should take similar steps. The $1 billion (£77o million) investment deal on building a factory in Turkey, signed on July 9, could also help BYD avoid higher tariffs that the United States has imposed on Chinese EVs, Mr. Saker told The Epoch Times....

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