China’s Chery Automobile plans to spend US$300m on a new car assembly facility in Malaysia over the next five years, the head of its local subsidiary told reporters.
Chery Holdings’ (Malaysia) chief executive officer Paul Ng said Chery intends to make Malaysia its regional production hub for right hand drive vehicles, starting with completely knocked down (CKD) kit assembly.
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The vehicles will be exported to other major markets in south-east Asia. In Malaysia, the brand currently has about 50 direct sales outlets.
