Chinese automaker Chery is set to invest $1 billion in a new manufacturing facility in Turkey, with plans to produce up to 200,000 vehicles annually. The announcement was made on March 26, 2025, by Turkey’s presidential office.
President Recep Tayyip ErdoÄŸan welcomed the move during a ceremony at the presidential palace in Ankara, where he also presented a certificate of appreciation to Chery officials. This significant investment underscores Turkey’s efforts to attract foreign automotive companies, especially from China, as part of a broader strategy to bolster its domestic automotive industry and transition to electric vehicles.
Chery’s decision to establish a plant in Turkey aligns with Turkey’s push to increase local production. In recent months, Turkey has implemented stricter regulations on hybrid car imports to encourage investments from companies like Chery. This move is expected to create thousands of jobs and strengthen Turkey’s position in the global automotive market.
This latest investment follows months of talks, including high-level discussions between President Erdoğan and Chery International President Guibing Zhang in 2024. The new plant will play a crucial role in Turkey’s evolving automotive landscape, as the country aims to become a major player in the electric vehicle market.