Chinese carmaker Chery plans factory investment in Turkey.

By bne IntelliNews May 9, 2012
Chinese carmaker Chery considers establishing a plant in Turkey together with local partner Mermerler Otomotiv and Germany's FEV, business daily Dunya reported. The investment, which will be completed in three phases in five years, will cost USD 500mn, Murat Mermer, chairman of Mermerler Otomotiv said. First, an engine plant will be established in the town of Corlu and the next step will be construction of the assembly plant in Karasu, Murat Mermer detailed.

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