 BYD's new plant will have the capacity to produce 150,000 vehicles every year, so says Turkey's state news agency. The project will create 5,000 jobs and starts production in just over two years' time. The deal was signed at a high-profile event in Istanbul between President Erdogan and BYD's boss Wang Xuanfu. BYD has been reaching hard into Western markets but was landed last week with a high additional tariff on the vehicles it ships from China to the European Union.