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
The foreign ministers of Egypt, Saudi Arabia, Turkey and Pakistan are due to meet in Cairo on Sunday to discuss the fragile US-Iran peace framework, as Israeli strikes in southern Lebanon killed 47 people and wounded nearly 100, dealing a severe blow to the ceasefire the agreement was supposed to deliver.
The ink on the US-Iran memorandum of understanding was barely dry before Tehran's chief negotiator was already drawing lines in the sand.
U.S. Vice President JD Vance lashed out at Israeli critics of the Iran deal on Thursday, saying President Donald Trump is Israel's only ally, in a sharp rebuke that referenced the billions in U.S. defense aid the country receives.
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