Chery Automobile Co, an emerging carmaker from the Chinese mainland, has agreed with Taiwan's Shengrong Auto, a subsidiary of Prince Motors, to make its own brand cars on the island for the local and other markets.
Chery Alado, a joint venture found by China's automobile company Chery and Malaysian partners, unveiled its new CKD (Completed Knocked Down) sports utility vehicles (SUV) here on Tuesday.
China's biggest automaker, Chery Automobile Co, said Wednesday that it has raised 2.9 billion yuan from local private-equity investors to boost its development and expansion plans.