According to sources in the Turkish Industry Ministry, BYD's investment in Turkey is progressing smoothly. Discussions are underway with other Chinese car manufacturers for new investments.
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Chinese electric vehicle maker BYD's investment process in Turkey is continuing without any problems, Turkish Industry Ministry sources said on Thursday, when asked about China's warning to its companies about the risks of investing abroad.
Discussions are underway with other Chinese carmakers for new investments, the sources said, speaking on condition of anonymity.
China's commerce ministry recently warned the country's carmakers about the risks of making auto-related investments overseas, Reuters reported on Thursday, citing two people familiar with the matter. (Reporting by Nevzat Devranoglu and Huseyin Hayatcevar; Writing by Burcu Karakas; Editing by Jonathan Spicer)
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First Publication Date: Sep 13, 2024, 08:27 AM IST