Taiwan Political Standoff Deepens as President Lai Urges Parliament to Withdraw Disputed Laws 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Adobe Strengthens AI Strategy Ahead of Q4 Earnings, Says Stifel 
NSW to Recall Parliament for Urgent Gun and Protest Law Reforms After Bondi Beach Shooting 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
Australia’s Under-16 Social Media Ban Sparks Global Debate and Early Challenges 
Belarus Frees Opposition Leaders Maria Kalesnikava and Viktar Babaryka in U.S.-Brokered Deal 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
Special Prosecutor Alleges Yoon Suk Yeol Sought North Korea Provocation to Justify Martial Law 
FAA Unveils Flight Plan 2026 to Strengthen Aviation Safety and Workforce Development 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
The development of BYD’s electric vehicle plant in Turkey is progressing without setbacks, according to Turkish industry officials, despite China’s recent caution to automakers about the risks of investing overseas. Talks with other Chinese automakers are also ongoing.
BYD's Turkey EV Plant Moves Forward
Turkish industry ministry sources stated on Thursday, in response to a question on China's warning to its companies about the risks of investing overseas, that the investment process in Turkey by electric vehicle maker BYD is proceeding without any issues.
According to the anonymous sources, more discussions on investments are currently taking place with other Chinese automakers.
In a Thursday article, Reuters cited two sources familiar with the situation to say that the Chinese Ministry of Commerce had recently cautioned Chinese automakers against investing abroad due to the dangers involved.
China Prefers Investments in Europe and Thailand
Investments in Europe and Thailand were reportedly more welcomed by the ministry, according to one source. With a predicted spike in EV sales in the country over the next few years, BYD built its first plant in Thailand in July.
Electrek reports that local automobile manufacturers such as BYD are trying to export their products in order to maintain their growth and prevail against China's fierce electric vehicle price war.
Chinese EV Makers Turn to Southeast Asia and South America
Chinese manufacturers are shifting their focus to South America, Southeast Asia, and Thailand as a result of increased tariffs on Chinese electric vehicles imported to the US and Europe.
According to reports, BYD is also waiting for the election in the United States to take place in November before announcing its proposed electric vehicle plant in Mexico.
BYD Surpasses One Million EV Sales in Record Month
In spite of the increased competition, BYD was able to sell a record number of vehicles in the month of August, surpassing the one million mark for sales of electric cars way ahead of the previous year.
In the second quarter, BYD overtook Honda and Nissan, moving them up to seventh place among all automakers in the world. When it comes to expanding internationally, BYD is banking on domestic production.
