Chery is reported to be in the final stages of talks with the Turkish authorities over investment in Turkey.
Turkey’s low costs and customs union with the EU make it an attractive option for Chinese OEMs seeking to avoid future punitive EU tariffs applying to BEVs shipped from China.
According to a Reuters report, an anonymous Turkish official confirmed the talks but did not specify any further details.
The report also said Turkey’s President Tayyip Erdogan had met Chery International President Guibing Zhang in Ankara at the weekend.
In July, BYD agreed with the Turkish government to build a US$1bn production plant in Turkey with annual capacity for 150,000 vehicles.
“Turkey in ‘final stages’ of plant talks with Chery – report” was originally created and published by Just Auto, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
