BYD, the Chinese EV giant, is strengthening its position in the global market with plans to build a $1 billion factory in Turkey. The factory, expected to be operational by the end of 2026, will have the capacity to produce 150,000 vehicles annually. This move comes as BYD aims for global EV dominance, particularly in Europe where the company faces challenging tariffs. By establishing local production facilities, BYD aims to navigate around trade restrictions and expand its international presence. This strategic move highlights the company's ambitious plans for international investment and growth. As BYD ramps up its presence in Europe, particularly in Turkey, it poses a potential challenge for its rival, Tesla, which is also a key player in the European market. With both companies vying for dominance in the global EV market, this development marks a significant milestone in the ongoing competition between the two giants.