robotics / news / / MarketScreener
Chery, China's largest car exporter, is taking inspiration from two very different automakers.
Chery is considering expanding production capacity at its Barcelona joint venture for European exports.
KEY POINTS
- Chery seeks partnerships with European automakers to share production facilities and profits locally.
- Chery launched Omoda and Jaecoo brands in 2023, targeting 1 million sales by 2027.
- Chery is shifting focus from SUVs to develop smaller models aimed at European markets.
- Chairman Yin predicts a rapid shakeout among China's 100-plus auto brands within a few years.
COMPANIES
Summarized by Newsio from MarketScreener. How we summarize →