Chinese electric vehicle manufacturer BYD's investment process in Turkey continues without any problems, Turkish industry ministry sources said on Thursday when asked about China's warning to its companies about risks of investing overseas.
Istanbul, Turkey, BYD Atto 3 © Mena Today
Chinese electric vehicle manufacturer BYD's investment process in Turkey continues without any problems, Turkish industry ministry sources said on Thursday when asked about China's warning to its companies about risks of investing overseas.
Discussions are underway with other Chinese carmakers for new investments, the sources added, requesting anonymity.
Citing two people briefed on the matter, Reuters reported on Thursday that China's commerce ministry recently warned the country's carmakers of the risks of making auto-related investments overseas.
Reporting by Nevzat Devranoglu and Huseyin Hayatsever
U.S. President Donald Trump vowed to retain military assets in the Middle East until a peace deal with Iran is reached and warned of a major escalation in fighting if it failed to comply, as oil prices rose on concerns over supply and restrictions in the Strait of Hormuz.
The Israeli army announced Thursday the elimination of Ali Youssef Horchi, personal secretary, adviser and nephew of Hezbollah Secretary-General Naim Qassem, in a strike on Beirut's Tallet el-Khayat neighbourhood.
Vice President JD Vance on Wednesday said Tehran's negotiators thought the U.S.-Iran ceasefire agreed to on Tuesday included Lebanon, but the U.S. had in fact not agreed to that.
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