Chinese carmaker Chery to invest $1 billion in Turkey, president's office says

FILE PHOTO: A view shows new cars produced by Chinese automobile manufacturer Chery, in the parking lot of the Sollers plant in Vladivostok, Russia October 15, 2023. REUTERS/Tatiana Meel/File Photo

ANKARA : Chinese carmaker Chery will invest $1 billion in Turkey on a manufacturing facility in northern Samsun province with an annual 200,000 vehicle capacity, the Turkish presidency said on Wednesday.

President Tayyip Erdogan presented a certificate of appreciation to Chery officials for their investment in a ceremony at the presidential palace in Ankara.

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