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CHERY AUTO Co-builds JV w/ Plan to Sell EVs in JP from 2027
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CHERY AUTO (09973.HK), a pioneering Chinese automaker "going global", opened 0.6% lower this morning (11th), but rebounded in the morning session, closing near midday at HK$30.56, up 1.33%, with a turnover of HK$62.1622 million.

Chery and Japanese auto parts retailer Autobacs Seven will jointly sell electric vehicles in Japan starting in 2027, according to Nikkei Asia. The two companies have already established a joint venture in Singapore.

Chinese SOE Yueda Automobile, Chinese battery manufacturer GOTION HIGH-TECH (002074.SZ), and Japanese painting equipment manufacturer Anest Iwata (6381.JP) have also invested in the joint venture, which will launch its own electric vehicle brand targeting the Japanese market.
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