On August 3, local time, South Korean car manufacturer KG Mobility announced a strategic investment agreement with Chery Motors. Under the agreement, Chery will invest 75 million US dollars in KGM and develop or expand cooperation in areas such as accelerating new vehicle development, autonomous driving, and cutting-edge electronic and electrical architectures based on SDV. The two companies also discussed specific cooperation plans in future new business areas other than automobiles, focusing on businesses such as robotics and semiconductors, and agreed to explore the potential for joint research, pilot projects, and commercialization.
Zhitongcaijing · 2d ago
Share
Listen to the news
On August 3, local time, South Korean car manufacturer KG Mobility announced a strategic investment agreement with Chery Motors. Under the agreement, Chery will invest 75 million US dollars in KGM and develop or expand cooperation in areas such as accelerating new vehicle development, autonomous driving, and cutting-edge electronic and electrical architectures based on SDV. The two companies also discussed specific cooperation plans in future new business areas other than automobiles, focusing on businesses such as robotics and semiconductors, and agreed to explore the potential for joint research, pilot projects, and commercialization.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending