Mehmet Fatih

During a recent presentation, Chery International President Zhang Guibing has hinted at the possibility of establishing a manufacturing base in Türkiye, alongside plans for Spain and Italy, as part of the company's European expansion strategy.

The Chinese carmaker has been holding talks with high-level Turkish officials for some time.

Türkiye and Serbia are experiencing a "golden era" in bilateral relations, President Recep Tayyip Erdoğan said on Oct. 11.

"Our trade volume has exceeded $2 billion for two consecutive years. We continue to take joint steps with determination to reach our common goal of $5 billion," Erdoğan stated at a joint press conference with Serbian President Aleksandar Vucic.

The Environmental Impact Assessment process has been initiated for the factory to be built by Chinese carmaker BYD in the western province of Manisa.

In July, BYD, the world's largest electric vehicle producer, signed an agreement with the Turkish Industry and Technology Ministry to set up a factory and make R&D investments in Türkiye worth $1 billion.

Türkiye is in close dialogue with Chinese automaker Chery on an automobile investment and has reached the final stages of the process, Industry and Technology Minister Mehmet Fatih Kacır has said.

The minister, however, did not provide other details.

Executives of large global companies from 13 countries met with top Turkish officials, including Recep Tayyip Erdoğan, in Istanbul on Sept. 28 for the Investment Advisory Council for Türkiye gathering.

Türkiye's Industry and Technology Minister, Mehmet Fatih Kacır, has underscored the critical need for advancing national technology, following a mass explosion of pagers in Lebanon, an incident that the Lebanese government attributes to Israel.

"It appears that Israel has detonated explosives simultaneously in thousands of devices in Lebanon," Kacır stated.

The Turkish Industry and Technology Ministry has launched the Tech Visa program, designed to grant accelerated work permits of up to three years to foreign nationals seeking to establish start-up ventures in Türkiye.

The business world has asked the government to continue incentives for the companies in Türkiye on employment and production.

A delegation of the Turkish Confederation of Employer Associations (TİSK), led by Özgür Burak Akkol, chairman of the board of the federation, presented the demands of the business community to Vice President Cevdet Yılmaz at a meeting on Aug. 14.

Türkiye has entered a phase where international companies are unveiling their investment decisions in the country, and more "good news" is expected to follow soon, according to Vice President Cevdet Yılmaz.

With a newly unveiled incentives program, Türkiye is doubling down on its efforts to turn the country into a center for high-tech products.

The $30 billion plan, dubbed High Technology Intensive Program (HIT-30), will provide supports to encourage investments in electric vehicles, batteries, chip production, R&D and solar and wind energy.