Boeing 737 MAX 10 Advances in FAA Testing as Certification Delays Continue 
Samsung Forecasts Strong Q4 Profit on AI-Driven Memory Chip Boom 
Chevron Sees Path to Boost Venezuela Oil Output by 50% After Trump Administration Talks 
FDA Limits Regulation of Wearable Devices and Wellness Software, Boosting Health Tech Industry 
Johnson & Johnson Secures Tariff Exemption by Agreeing to Lower Drug Prices in the U.S. 
Walmart to Join Nasdaq-100 Index as It Replaces AstraZeneca Following Exchange Move 
Discord Confidentially Files for U.S. IPO, Signaling Major Milestone 
xAI Cash Burn Highlights the High Cost of Competing in Generative AI 
GM Takes $6 Billion EV Write-Down as Electric Vehicle Demand Slows in the U.S. 
Trump Calls for 10% Credit Card Interest Rate Cap Starting 2026 
Slovakia to Sign Nuclear Power Cooperation Agreement With the United States 
India-US Trade Deal Stalled as Modi-Trump Call Never Happened, Says US Commerce Secretary 
U.S. Seizes Olina Tanker as Crackdown on Venezuelan Oil Exports Intensifies 
China Reviews Meta’s $2 Billion AI Deal With Manus Amid Technology Control Concerns 
Ford Targets Level 3 Autonomous Driving by 2028 with New EV Platform and AI Innovations 
Myanmar Military-Run Election Draws Criticism as Voters Head to Polls Amid Ongoing Conflict 
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.
