Chinese Chery automotive group plans to invest in Turkey

Turkey distributor of China's Chery automotive group and the CEO of Mermerler Automotive Company, Murat Mermer, on Tuesday said that Chery planned to make investments worth 500 million USD in Turkey in the next five years in three stages.Speaking to the Anadolu Agency (AA) in western province of Balikesir where Director General of Chery Wang Ke and regional representative Yankun He have held talks, Murat Mermer said that Chery, in the first stage, would invest 120 million USD in Turkey. We will erect an engine factory in Corlu with the contributions of German FEV company and Chery group, Mermer indicated. Turkey's newly implemented incentive system has made Turkey the most attractive market for investments, Mermer stated. At the end of investments in five years, 2,700 people would be employed directly. When you consider the sub-sectors, a total of 10,000 jobs would be created in Turkey, Mermer also said.