The European Union announced last week that the Chinese electric vehicle Add temporary tariffs , Chinese electric car giant BYD Monday (7On January 8), the Turkish government signed an investment agreement worth 1 billion US dollars (S $ 1.35 billion) in Istanbul to build a factory with an annual output of 150,000 electric vehicles in Turkey. It is expected to be put into operation by the end of 2026.
The scholars interviewed analyzed that Turkey has also announced the addition of 40 % tariffs Anti-subsidy survey announced on July 4For % of temporary tariffs, BYD was imposed 17.4 %, and it took effect on July 5th and will be implemented for nearly four months.
Cassir pointed out that, given that Turkey's tariffs with the European Union, this cooperation may help investors including BYD enter the European market.
Although Turkey is not a member of the European Union, it has established a tariff alliance with the EU as early as 1995.Under this relationship, cars made by Turkey entered the European Union to enjoy preferential tariffs. The Malmala region around Istanbul has become one of the main centers of the world's automotive industry.
Since the beginning of the 1970s, car manufacturers such as Fiat, Renault, Ford, Toyota, and Hyundai have settled in Turkish factories.
According to the Turkish newspapers of the pro -government, the land that was previously assigned to Volkswagen's land to Volkswagen in the western city will be transferred to BYD.
Agence France -Presse quoted the independent adviser Tyelan evaluation that BYD has the potential to sell about 25,000 vehicles in Turkey's market each year and export 75,000 cars to the EU.
Fu Fangjian, an associate professor of Li Guangqian Business School of Singapore Management University, analyzed in an interview with Lianhe Morning Post that BYD's settlement of Turkey is a way to avoid the 40 % high tariffs on imported electric vehicles in imports.; Building a factory and recruiting local work in the local area will not cause Turkish local automobile manufacturing workers to rebound, and also create revenue for the Turkish government.Although BYD builds a factory in Turkey, it may bring more competition to the local auto manufacturers, it may be good for local consumers.
Chinese car companies have recently accelerated their pace.BYD announced at the end of last year that after Hungarian in Europe's first car factory in Europe, in ThaiNews/SEA/Story20240704-4045651 "target = _blank> The first electric vehicle production line in Southeast Asia also opened last Thursday (July 4).
The Turkish ruling party's justice and Development Party Vice Chairman Slaca revealed to Reuters last week that Guangzhou Automobile Group is negotiating with the possibility of the establishment of a joint venture with the Turkish Motor Union Group (TOGG).
Fu Fangjian pointed out that the phenomenon of investing in factories in China and China more than ten years ago in Germany and Japanese car giants is currently being repeated in Turkey and some European countries, but investors have replaced Chinese car companies that have been overtaking in the curve technology of car manufacturing technology.EssenceChinese car companies have built factories around the world, indicating that products are more competitive and recognized by overseas consumers.
China -Europe officials have recently accused each other on the topic of electric vehicle tariff consultation.For EU Ambassador to China, Yao Yaojie (July 7), said that China recently stated that he is willing to target electric vehicle tariffs.Consultation, China The Ministry of Commerce responded on Monday , emphasizing that China had made consultations with the EU.The investigation case was launched and China has shown the greatest sincerity.
The Ministry of Commerce of China also called on the EU to come up with sincerity, quickly advance the process of consultation, and reach a solution that both parties can accept as soon as possible.
