Turkey in advanced talks with Chinese electric vehicle makers BYD and Chery for factory investments.

Turkey is in advanced talks with Chinese electric vehicle manufacturers BYD and Chery for factory investments in the country, according to Minister of Industry and Technology, Fatih Kacir. These investments could help the Chinese companies increase sales to Europe, taking advantage of Turkey's customs union agreement with the EU. Separate negotiations with SAIC Motor Corp. and Great Wall Motor Co. are also underway.

May 17, 2024
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