Chery Automobile to invest $75m in KG Mobility

South Korean automaker KG Mobility said Monday it had secured a $75 million strategic investment from China’s Chery Automobile, as the two companies strengthen their cooperation in vehicle development and future technologies while expanding in global markets. The companies signed the agreement Sunday at the Grand Hyatt Seoul, extending a partnership that began with a platform licensing deal in October 2024 and a joint development agreement for midsize and large SUVs in April 2025. KGM Chair Kwak