China's Chery wants 'opening to world via Turkey'

A Chinese automotive firm expressed willingness to open to world via Turkey, Turkish industry minister said.

China's Chery wants 'opening to world via Turkey'

A Chinese automotive firm expressed willingness to open to world via Turkey, Turkish industry minister said on Wednesday.

Turkey's Industry & Trade Minister Nihat Ergun said that Chinese "Chery" automotive firm wanted to open to world markets via Turkey.

"The company has applied to Turkish authorities to make 500 million USD of investments in Turkey, and open to world markets via our country," Ergun said during a meeting in Frankfurt, Germany.

Ergun is in Frankfurt to participate in the 63rd International Frankfurt Automotive Fair.

Two executives of the Chinese automotive group Chery visited the northwestern province of Sakarya in January 2009 to acquire a lot to build an automotive factory.

The Chinese firm is to cooperate with Turkey's Mermerler automotive company in this project.

Founded in 1997, Chery Automobile Co. produced the first car in December 1999.

In 2006, Chery achieved a total sales volume of 305,200 units, representing an increase rate of 61.5 percent over 2005; and in 2007, the annual sales volume of Chery reached 381,000 units, increasing by 24.8 percent compared with 2006. In 2007 also, Chery achieved an annual export volume of 119,800 units. As a result, the overseas sales of Chery had doubled again with an increase rate of 132 percent, ranking first for 5 consecutive years in car export in China.

At the end of 2006, Chery exported its product to 67 countries and regions, moreover, it also set up 7 CKD factories in 6 countries including Russia, Iran, Egypt, Indonesia.
Last Mod: 16 Eylül 2009, 12:30
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