Turkey’s Growing Automotive Landscape: Chery’s New Investment
Introduction
The Turkish automotive industry is on the brink of a significant transformation with Chery, the renowned Chinese automaker, signaling its intent to invest heavily in the country. This move follows closely on the heels of BYD’s recent decision to establish a plant in Turkey. This article delves into the implications of Chery’s planned investment for the Turkish automotive market and highlights what vehicle owners can anticipate from this development.
Chery’s Strategic Move into Turkey
The increasing interest of global automakers in Turkey stems from various economic and strategic advantages:
– Strategic Location: Turkey’s geographical position makes it a gateway between Europe and Asia, offering an excellent hub for manufacturing and distribution.
– Economic Incentives: The Turkish government provides attractive incentives and support for foreign investors in the automotive sector.
– Skilled Workforce: The country boasts a skilled workforce, adept in automotive manufacturing, which can handle advanced production technologies.
Given these factors, Chery’s investment is seen as a strategic decision to tap into the burgeoning potential of the Turkish auto market and strengthen its footprint in Europe.
Impact on the Turkish Automotive Market
- Economic Boost:
Credits:https://europe.autonews.com/automakers/turkey-close-chery-investment-following-byds-plant-decision
