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

By Thomson Reuters Mar 26, 2025 | 7:37 AM

ANKARA (Reuters) – 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.

(Reporting by Huseyin Hayatsever; Editing by Tomasz Janowski)