Market Chatter: Chery Automobile Eyes European Production via Partnerships
Chery Automobile (HKG:9973) is seeking to expand production in Europe by partnering with other carmakers and using existing factories, Reuters reported Sunday, citing top executives at an event in Paris.France commercial chief Lionel French Keogh said the company is exploring additional manufacturing capacity across the region, according to the report.Chairman Yin Tongyue reportedly said Chery prefers partnerships over building new plants due to the time and investment required, adding that discussions are ongoing and updates may come in the coming months.He did not disclose potential partners or locations but said France is among the markets under consideration, the report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)