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China’s BYD Signs Deal to Open Electric Car Plant in Turkey

Pedro PARDO / AFP

China’s electric vehicle giant BYD on Monday signed a one-billion-dollar agreement with Turkey to open a plant in the country in a move that would help it dodge new EU tariffs.

The signing ceremony in Istanbul between BYD’s CEO Wang Chuanfu and Turkey’s industry and technology minister Fatih Kacir was overseen by President Recep Tayyip Erdogan.

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