Chinese carmaker Chery to invest US$1 billion in Turkey, president's office says

Chinese carmaker Chery will invest US$1 billion (HK$7.8 billion) in Turkey on a manufacturing facility in northern Samsun province with an annual 200,000 vehicle capacity, the Turkish presidency said on Wednesday.

President Tayyip Erdogan presented a certificate of appreciation to Chery officials for their investment in a ceremony at the presidential palace in Ankara.

REUTERS