China: Chery plans Yuan 20bn outlay to boost capacity

Chinese vehicle manufacturer Chery Automobile plans to invest Yuan 20bn (US$2.93bn) to increase its domestic production capacity. For this project, Chery is looking at Ordos, Inner Mongolia Autonomous Region, in northern China. According to a report carried by Global Times, the OEM has confirmed that it is indeed holding talks with … It’s time to …

Chinese vehicle manufacturer Chery Automobile plans to invest Yuan 20bn (US$2.93bn) to increase its domestic production capacity. For this project, Chery is looking at Ordos, Inner Mongolia Autonomous Region, in northern China.

According to a report carried by Global Times, the OEM has confirmed that it is indeed holding talks with …

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