Chery is the Second Investor to Come to Turkey After BYD

In order to attract investments in electric vehicles and related technologies, Turkey announced that companies investing in Turkey would be exempt from additional taxes and determined the conditions for this. The first company to benefit from these incentives BYD had happened. Now another Chinese manufacturer Cheryis preparing to invest in Turkey.

According to Cnbc-e, the second investor at the table was Chery, It is stated that it plans to use Turkey as a base both to continue its growth in the Turkish market and to export to Europe. On the other hand, there are some obstacles to the agreement.

Chery also wants concessions for internal combustion engines

According to the news, the prolongation of the talks between Türkiye and Chery two reasons is available. While the first of these reasons stems from the selection of the region where the investment will be made, the second and more striking issue is the choice of the Chinese manufacturer. Also for vehicles with internal combustion engines asking for privilege.

Türkiye’s incentives hybrid and electric vehicles, battery technologies and green investments It is stated that it is for use and it is not intended to be used. Manisa and Samsun stand out as two important alternatives as the location where the facility will be established.

It is stated that the process will be completed in September. Chery Although it seems to be the closest company to making a new agreement, the other Chinese manufacturer MG’nin de It is stated that he is ready to sit at the table. It is stated that investors from the Asian giant also plan to invest in renewable technologies such as solar and wind energy.