SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Turkey wants to attract more Chinese investors

» Updated: 16 July 2024, 13:51

» Published: 13 July 2024

Turkey wants to attract more Chinese investors
Photo: Achmad Ibrahim/AP/TT

After the announcement that the Chinese car manufacturer BYD will establish an electric car factory in Turkey, the country now wants to attract more Chinese investors.

"Chinese producers want quick access to international markets. Investing in Turkey offers them that," said Turkey's Industry and Technology Minister Mehmet Fatih Kacir to the TV company Haberturk.

Recently, it was announced that the EU will impose tariffs of up to 38 percent on imports of electric cars from China.

It was on Monday that the Chinese electric car giant signed a million deal with Ankara to open a factory in western Turkey, which is expected to create 5,000 new jobs.

Now, at least five other Chinese car manufacturers are considering opening factories in Turkey, according to the state news agency Anadolu.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Cryptocurrency victory in the US Congress
1 MIN READ

Cryptocurrency victory in the US Congress

ECB Hiker: Can Cut Even if Fed Doesn't Cut
2 MIN READ

ECB Hiker: Can Cut Even if Fed Doesn't Cut

Now Black Week starts – here are five best tips
2 MIN READ

Now Black Week starts – here are five best tips

He still believes in the German Northvolt factory
2 MIN READ

He still believes in the German Northvolt factory

Chinese Cars from Spanish Factory
1 MIN READ

Chinese Cars from Spanish Factory

The Ski Holiday Becomes Increasingly Expensive – "Like a Luxury Trip"
2 MIN READ

The Ski Holiday Becomes Increasingly Expensive – "Like a Luxury Trip"

Nvidia CEO: Don't Close the Borders
1 MIN READ

Nvidia CEO: Don't Close the Borders

Pilot Strike – Finnair Cancels 300 Flights
1 MIN READ

Pilot Strike – Finnair Cancels 300 Flights

Billion-dollar amounts at stake in Northvolt's crisis
2 MIN READ

Billion-dollar amounts at stake in Northvolt's crisis

German industry leader warns of new energy crisis
1 MIN READ

German industry leader warns of new energy crisis

The new ISK tax is decided
3 MIN READ

The new ISK tax is decided

Amazon doubles investment in AI company
1 MIN READ

Amazon doubles investment in AI company

Trump nominates billionaire to finance minister
3 MIN READ

Trump nominates billionaire to finance minister

Cheerful on Wall Street – bitcoin nears dream limit
2 MIN READ

Cheerful on Wall Street – bitcoin nears dream limit

Northvolt to Apply for Swedish Reconstruction as Well
2 MIN READ

Northvolt to Apply for Swedish Reconstruction as Well

Billion Fines for Unreasonable Fees on Air Travel
1 MIN READ

Billion Fines for Unreasonable Fees on Air Travel

Bosch reduces workforce by 5,500
1 MIN READ

Bosch reduces workforce by 5,500

Northvolt's CEO sold shares for hundreds of millions
1 MIN READ

Northvolt's CEO sold shares for hundreds of millions

Clothing Chain Rises on the Stock Exchange After Sales Forecast
1 MIN READ

Clothing Chain Rises on the Stock Exchange After Sales Forecast

Seven disputed taxes that can save the planet
3 MIN READ

Seven disputed taxes that can save the planet