Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Turkey wants to attract more Chinese investors

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.

Places
People
Organisations
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Northvolt's lenders hire consultant
1 MIN READ

Northvolt's lenders hire consultant

New records on Wall Street after double rate cut
1 MIN READ

New records on Wall Street after double rate cut

Germany plans for stock market listing of Uniper
2 MIN READ

Germany plans for stock market listing of Uniper

Turkish interest rate remains at 50 percent
1 MIN READ

Turkish interest rate remains at 50 percent

British interest rate remains at 5 percent
1 MIN READ

British interest rate remains at 5 percent

Leading chains raise petrol price
1 MIN READ

Leading chains raise petrol price

Snuff Company Celebrates Budget News
1 MIN READ

Snuff Company Celebrates Budget News

New Legal Battle Looming between Apple and EU
1 MIN READ

New Legal Battle Looming between Apple and EU

The Winners: "High-Income Groups"
1 MIN READ

The Winners: "High-Income Groups"

Central Bank Paves the Way for Double Cut from Riksbanken
2 MIN READ

Central Bank Paves the Way for Double Cut from Riksbanken

PRO on the budget: "It's appalling"
2 MIN READ

PRO on the budget: "It's appalling"

The Norwegian Krone Rises After Interest Rate Announcement
1 MIN READ

The Norwegian Krone Rises After Interest Rate Announcement

Damberg: The Budget is a Mockery of Ordinary People
2 MIN READ

Damberg: The Budget is a Mockery of Ordinary People

How Your Economy is Affected by the Budget
2 MIN READ

How Your Economy is Affected by the Budget

Lower Taxes - Most for High-Income Earners
3 MIN READ

Lower Taxes - Most for High-Income Earners

Svantesson's next challenge: Unemployment
2 MIN READ

Svantesson's next challenge: Unemployment

Setback for Electric Car Demand in Europe
2 MIN READ

Setback for Electric Car Demand in Europe

Profit warning from electronics manufacturer
1 MIN READ

Profit warning from electronics manufacturer

Strong stock market upswing following lowered US interest rate
1 MIN READ

Strong stock market upswing following lowered US interest rate

Slow in e-commerce – more choose foreign low-price
1 MIN READ

Slow in e-commerce – more choose foreign low-price