HomeTechnologyTürkiye nears investment deal with Chinese car maker Chery

Türkiye nears investment deal with Chinese car maker Chery

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Published October 01,2024


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Türkiye is within the last phases of talks on a doable funding by Chinese automotive maker Chery, a Turkish official stated, as Ankara seeks to deepen its ties with Chinese automotive makers after reaching an funding cope with China’s BYD earlier this yr.

The official, who spoke on situation of anonymity, didn’t specify what kind of funding Chery and Ankara had been discussing or whether or not there was a timeline for reaching a last settlement.

In July, Ankara stated Chinese electrical car producer BYD agreed to construct a $1 billion manufacturing plant in Türkiye with an annual capability of 150,000 autos.

Türkiye ‘s presidency stated on Saturday that President Recep Tayyip Erdoğan had met Chery International President Guibing Zhang on the sidelines of an funding occasion in Istanbul. Industry and Technology Minister Mehmet Fatih Kacır additionally attended the talks.

Source: www.anews.com.tr

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