Chery, the Chinese carmaker of brands such as Omoda, has plans to invest in Turkey, where it plans to set up a production facility, according to Chery International president Zhang Guibing, as part of the Chinese state-owned carmaker’s European expansion strategy.
Turkish media reported that Chery has reportedly already had high-level contacts with Turkish authorities, including a recent meeting last September in Istanbul between Guibing himself and Turkish President Tayyip Erdoğan, which was also attended by Industry and Technology Minister Mehmet Fatih Kacır.
The Chinese carmaker’s European expansion plans were revealed during an international presentation yesterday in Wuhan, where Guibing showed a map of countries where Chery could set up factories for the European market, with Turkey, Spain and Italy marked. However, it is not yet clear exactly where a future production plant in the Eurasian country will be located, when it will be built, or which models will be manufactured in Turkey.
According to Turkish press reports, the two main obstacles that would prevent Chery from investing in Turkey for now would be precisely the location of the future plant, as well as the Chinese company’s demand for tax exemptions for the internal combustion vehicles it plans to manufacture, in addition to those that already exist in Turkey for hybrid and 100% electric vehicles.
Chery, which sold 40,590 cars in Turkey last year, continues to grow in the Turkish market and its sales between January and September this year now stand at around 48,000 units. The investment announcement by the Chinese manufacturer of the Omoda comes after a few months ago another major Chinese vehicle company, BYD, considered the world’s largest producer of electric cars, announced a record investment of 1 billion dollars in a plant and an R&D centre in Turkey, where it plans to start production in 2026.
VOTE
EDITORIAL TEAM
🧿 About us
.
Edited and reviewed by:
Pablo Gómez is a specialist in Turkey and has been editor-in-chief of Hispanatolia since 2011. He has been analysing current affairs and geopolitics in Turkey and the surrounding region since 2006.
…
📣 Your ADVERTISING on Hispanatolia
.
🤗 HELP US WITH A DONATION:
💗 Paypal
