Why is Chinese EV giant BYD moving into Turkey?

Aug 22, 2024

A $1 billion investment by China's BYD is set to transform Manisa, Turkey, into a hub for electric vehicle manufacturing. The deal promises to create 5,000 jobs, providing a lifeline to a community grappling with high unemployment and inflation. Local officials are cautiously optimistic, balancing hopes for economic growth with concerns from past investment experiences. This move illustrates the shifting global trade dynamics and Turkey's strategic position between Eastern and Western economies.

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Intro

00:00 • 3min

Economic Prospects and Local Impact of BYD's Investment in Turkey

02:31 • 3min

Cautious Optimism for BYD's Arrival in Manisa

05:09 • 6min

BYD's Strategic Investment in Turkey

10:56 • 7min

Turkey's Geopolitical Balancing Act and Local Economic Aspirations

17:54 • 3min