In order to attract investment in electric vehicles and related technologies, Turkey announced that companies investing in Turkey would be exempted from additional taxes and set the conditions for this. The first company to benefit from these incentives DOORD has happened. Now all that’s left is Chinese manufacturer Cheryis preparing to invest in Turkey.

According to CNBC-e, that was the second investor at the table Chery, It is stated that it intends to use Turkey as a base, both to continue its growth in the Turkish market and to export to Europe. On the other hand, there are some obstacles to the agreement.

Chery also wants concessions for combustion engines

According to the news, there is an extension of the talks between Türkiye and Chery two reasons is available. While the first of these reasons stems from the choice of the region where the investment will be made, the second and most notable issue is the choice of the Chinese manufacturer. Also for vehicles with combustion engines to ask for privilege.

The stimuli of Turkey hybrid and electric vehicles, battery technologies and green investments It is stated that it is for use and not intended to be used. Manisa and Samsun stand out as two major alternatives as a location where the facility will be located.

It is stated that the process will be completed in September. Chery While the company appears to be closest to a new deal, the other Chinese manufacturer MG’s too He is said to be ready to sit at the table. It is said that investors in the Asian giant also plan to invest in renewable technologies such as solar and wind energy.