Turkey halts BYD tax break, warns of clawback if it misses $1bn plan
Electric vehicles
Construction yet to start on plant meant to be operational this year
A BYD vessel bringing 7,000 cars to the industrial hub of Kocaeli in Turkey. (BYD via Anadolu Agency)
SINAN TAVSAN
June 11, 2026 17:45 JST
Updated on June 11, 2026 19:06 JST
ISTANBUL — The Turkish government has suspended import tax exemptions for BYD and warned the Chinese electric vehicle maker that it faces repayments if it fails to fulfil a $1 billion commitment to build operations in the country.
