Turkish Government's Negotiations with Chinese EV Giants

SOURCE www.breitbart.com
Turkish government in advanced negotiations with Chinese EV giants BYD and Chery to establish factories in Turkey, offering privileged opportunities for battery investments. This move could help Chinese companies avoid European tariff hikes and impact Turkey's domestic EV company, TOGG.

Key Points

  • Turkish government in advanced negotiations with Chinese EV giants to establish factories in Turkey
  • Chinese companies like BYD and Chery could gain privileged opportunities for battery investments
  • Turkey's domestic EV company, TOGG, could face competition from Chinese firms entering the market
  • Turkey may benefit from increased foreign investments and potential tariff avoidance

Pros

  • Potential increase in foreign investment in Turkey
  • Opportunities for battery investments for Chinese companies
  • Possibility of avoiding European tariff hikes

Cons

  • Potential impact on Turkey's domestic EV company, TOGG