Turkey Expects Chery to Sign $1 Billion EV Plant Deal

Turkey Expects Chery to Sign $1 Billion EV Plant Deal

Turkey expects Chinese carmaker Chery Automobile Co Ltd. to invest about $1 billion in an electric vehicle plant, a move that would bolster Ankara’s ambitions to become a regional manufacturing hub, according to a person familiar with the matter.

Representatives of the Chinese car company Chery have officially confirmed that, starting in the second half of the year, they will officially enter several countries in Eastern Europe, starting with Poland and continuing with Hungary, the Czech Republic, Greece and Romania, writes the publication Gadget.ro. The launch on all these markets will be with the Chery Tiggo 8 model, a […] The article A new Chinese car manufacturer officially enters Ro…

The investment plan of the Chinese automotive giant Chery in Türkiye has turned into a never-ending story. The company, which was given a certificate of appreciation by Erdoğan yesterday, made a statement today that was the opposite of what was expected. The unexpected statement regarding the investment, which was considered certain, drew attention because it came after the operations against the Istanbul Metropolitan Municipality.

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Automotive giant Chery is once again looking to Europe to strengthen its position in the transition to electric mobility. The country chosen for this new plant is Turkey, where BYD is already constructing a factory.

After BYD, it's Chery's turn to announce an electric car factory in Turkey. This will allow this Chinese brand to expand in Europe while avoiding customs surcharges. [Read more] Want to join a community of enthusiasts? Our Discord welcomes you; it's a place for mutual support and passion around tech.