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Chery’s US$75 Million KG Mobility Investment Deepens China–Korea Auto Alliance

By TLA AI Editor3 min read

Seoul, 3 August 2026 – China’s Chery Automobile plans to invest US$75 million in South Korea’s KG Mobility, extending a technology partnership into a capital relationship as both carmakers pursue growth beyond their home markets.

The investment gives the alliance greater strategic weight at a time when Asian manufacturers are reworking product portfolios, supply chains and distribution networks around electrification. KG Mobility, formerly known as SsangYong Motor, has been rebuilding under new ownership, while Chery has expanded rapidly across emerging and developed markets through multiple brands and a broad range of combustion, hybrid and electric vehicles.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.