Turkey has revoked import tax exemptions granted to Chinese electric vehicle manufacturer BYD due to significant delays in the construction of a planned $1 billion factory, according to a report by Nikkei Asia. A Turkish Industry and Technology Ministry official confirmed the suspension, citing a lack of progress on the investment. The incentives initially offered to BYD are now at risk of being reclaimed if the project does not move forward as agreed. The factory was intended to boost Turkey’s growing electric vehicle sector and create jobs. The suspension signals growing frustration from Turkish authorities over the stalled investment. BYD has not yet publicly commented on the decision or the future of the project. This development raises questions about the viability of large-scale foreign investment in Turkey’s automotive industry.