Baoneng Investment Group bought 51% of Qoros in December 2017, and has since raised its stake as co-founder Chery Auto steadily lowers its own holding. This year is going to be a major challenge for the China-based automaker, especially as it has only a few models, several of which are far from fresh. Baoneng is investing though, with the soon to be imminent Qoros 7 to be supported by other new SUVs in 2021 and beyond.