Turkey expects more investments from Chinese EV makers

ISTANBUL — Turkey expects that more Chinese electric vehicle makers will invest in the country, following BYD’s decision to put $1 billion into a factory for EVs and plug-in hybrids, the head of the presidential investment office, Burak Daglioglu, told Nikkei Asia in a recent interview.

“Talks with several Chinese EV companies are going positively,” Daglioglu said when asked about investments by Chinese EV manufacturers, including Chery Automobile and SAIC Motor. “I will not be surprised if we hear positive results in the coming quarters.”