$1 Billion Investment in Turkey

In Samsun, facilities will be established with an annual capacity of 200,000 to produce Chery’s next-generation vehicles. The investment size will be $1 billion. President Recep Tayyip Erdoğan presented a certificate of appreciation to company representatives for the investment in a facility with an annual capacity of 200,000 vehicles in Samsun. Following the introduction of Turkey’s 2030 Industry and Technology Strategy, President Erdoğan presented certificates of appreciation to companies investing in Turkey. It was stated that in the facility to be established in Samsun with an annual capacity of 200,000 vehicles, Chery stakeholders will produce next-generation electric vehicles and parts, and the project will include an R&D center. It was noted that the investment is planned to be $1 billion and will provide employment for 5,000 people.