China's leading electric vehicle manufacturer, BYD, has committed to constructing a $1 billion car factory in Turkey in response to the demand for electric vehicles in the region and Europe. The agreement was signed by BYD's CEO Wang Chuanfu and Turkey's Industry and Technology Minister Mehmet Fatih Kaci in Istanbul, with President Recep Tayyip Erdogan in attendance. The move comes following the imposition of provisional additional duties on Chinese-made electric vehicles in the European Union in an effort to curb unfair competition. The factory is expected to produce 150,000 electric and hybrid vehicles annually, create 5,000 jobs, and establish a research and development center for sustainable mobility technologies. BYD's investment in Turkey underscores its ongoing expansion strategy, with plans to begin production by the end of 2026. This development is in line with the company's prior announcement of building an electric vehicle factory in Hungary, marking its entry into the European market.