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Chery’s high global ambitions and the early success of its multi-brand strategy are attracting attention.
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In May, the global light vehicle (LV) selling rate stagnated, month-on-month (MoM), at 89 million units/year, and remains well below the market result last year.
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UK car production was up 3.2% in May, reversing four months of decline.
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The revised commitment marks a 50% rise from the 7bn reais programme the carmaker had announced in 2024.
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The carmaker is seeking approval from unions in July, with implementation of the plan due to start in September.
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Green SM will initially launch battery-powered taxi service in the capital city Almaty.
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Toyota Connected’s vehicle connectivity infrastructure will be linked with Geotab’s telematics technology, AI tools and broader data ecosystem.
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The South Korean company aims to grow its presence in the global EV tyre market.
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Ecarx has already integrated Flyme’s software in over two million production vehicles.
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Hitachi’s holding will decline from 40% to 19%, while the 20% stake held by Japanese investment fund JICC-01 Limited Partnership will remain unchanged.
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