China invests $1 billion to build automotive gigafactory in Türkiye, This will shatter EU sanctions!

#china #chinanews #europeanunion #türkiye #automobile #byd Last month, just as the European Union was considering whether to impose heavy taxes on Chinese electric vehicles, Turkey suddenly took tough measures against the Chinese auto industry. They announced a 40% tariff on all cars imported from China, and no vehicle would be allowed to have a tariff of less than $7,000. This means that even if the actual tariff should be lower than this figure, importers will still have to pay a minimum tax of $7,000. This is undoubtedly a fatal blow to Chinese automakers who rely on the Turkish market. But unexpectedly, the policy was officially revoked in less than a month, and Turkey even reached a $1 billion cooperation agreement with China’s BYD Company. According to this agreement, BYD will invest in the construction of a large automobile production base in Turkey, with an estimated annual production of 150,000 vehicles. Some industry observers pointed out that Chinese auto companies have successfully circumvented the EU’s tariff sanctions in this way. So why did Turkey suddenly change its attitude towards sanctions against China? How will China’s establishment of an automobile production plant in Turkey crush the EU’s sanctions? ********************************************************* This Is A Channel That Discusses China’s Strategy And The Rise Of Asia. We Will Provide An In-Depth Analysis Of The Development Trends In Asia And The Impact Of China’s Rise In This New Era. Subscribe To My Channel Now And Learn More About The Latest Developments In China’s Strategy, Geopolitics, And Economic Rise. ********************************************************* DISCLAIMER: Our channel is purely made for Information purposes, based on facts, rumors, and fiction. ********************************************************* MUSIC: StoryBlocks/Audio Library 🎥FOOTAGE licensed through StoryBlocks and Filmpac. ********************************************************* Copyright Disclaimer under section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education, and research. Fair use is a use permitted by copyright statutes that might otherwise be infringing.