Long hungry for foreign direct investment, Turkey appears to be finally making progress, as generous government incentives and the country’s economic bonds with Europe are drawing in Chinese carmakers seeking an easier access to European markets. On July 8, President Recep Tayyip Erdogan presided over the signing of a deal with China’s BYD, one of the world’s largest electric vehicle manufacturers, to build a factory in Turkey with an annual production capacity of 150,000 vehicles.