Aug 3 — South Korea’s KG Mobility said it signed a strategic investment agreement with China’s Chery Automobile under which Chery will invest $75 million. The firms will expand cooperation on new-vehicle development, autonomous driving and advanced S

2026-08-03

Aug 3 — South Korea’s KG Mobility said it signed a strategic investment agreement with China’s Chery Automobile under which Chery will invest $75 million. The firms will expand cooperation on new-vehicle development, autonomous driving and advanced SDV (software-defined vehicle) electronic/electrical (E/E) architectures. They also discussed future non-automotive businesses, focusing on robotics and semiconductors, and agreed to explore joint R&D, pilot projects and commercialization potential.