$BYD COMPANY (01211.HK)$ will invest $1 billion in Turkey to...

$BYD COMPANY (01211.HK)$ will invest $1 billion in Turkey to set up an EV and plug-in hybrid vehicle factory with an annual capacity of 150,000 units, creating a second European production and export hub after the one it is building in Hungary.
BYD Chairman Wang Chuanfu and Turkish Industry and Technology Minister Mehmet Fatih Kacir signed an investment deal here on Monday.