BYD is close to securing a deal with the Turkish government to build a $1 billion electric vehicle (EV) plant in western Turkey, a move expected to be announced by Turkish President Recep Tayyip Erdogan. This new plant will provide BYD with easier access to the European Union through Turkey's customs union agreement. With EVs accounting for 7.5 percent of Turkey's car sales last year and a population of nearly 90 million, the country presents a lucrative market for BYD. Turkey recently imposed additional tariffs on cars imported from China, but has now eased tariffs on Chinese car imports to encourage investment. This expansion into Turkey adds to BYD's growing global presence, with new factories in Thailand, Brazil, and upcoming plans in Mexico. The move also underscores BYD's determination to get closer to major markets and mitigate the impact of potential tariffs.