China’s Dongfeng Motor plans to invest in Turkey

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The Chinese automotive company Dongfeng Motor, or DFM, plans to invest in the western province of İzmir, said the head of the city’s Chamber of Commerce on Monday.

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“We expect such investment to take place shortly,” said Ekrem Demirtaş, the board chairman of the Izmir Chamber of Commerce, or IZTO, speaking at a meeting that Yuanjiu Yu, chairperson of Chinese Wuhan Chamber of Trade, also attended.

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Yu said to reporters that they wanted to update a cooperation protocol signed two years ago with IZTO and that the Chinese chamber is inviting Izmir businessmen to attend a business meeting to be held in China on Dec.26 and 28.

Demirtaş confirmed that a Turkish delegation from İzmir would attend the business meeting in China to cultivate old and new business bonds. DFM had made a decision last year to invest in İzmir. The talks are still underway with DFM for their investment. “We need to accelerate talks with DFM,” Demirtaş said.

Via: Hurriyet.

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