BYD Ends Türkiye Investment After Receiving Customs Duty Exemptions
BYD sold 45,000 vehicles in Türkiye in 2025 under customs duty exemptions granted as a domestic producer. The company has now withdrawn from a planned investment without starting construction. Turkish sales fell 64 percent in the first five months of 2026.
benzinga.comBYD received customs duty exemptions in Türkiye after being designated a domestic producer under an investment incentive certificate. The company sold 45,000 vehicles in the country in 2025 while operating under those exemptions. BYD has now withdrawn from the planned investment without breaking ground on any facility.
Turkish ministers had warned of mechanisms and potential sanctions if investment commitments were not met.
BYD vehicles dropped 64 percent in the first five months of 2026. Domestic brand Togg overtook BYD during the same period.
