Chery to invest $75 million in South Korea's KG Mobility for ~10% stake via convertible bonds奇瑞拟以可转债形式向韩国KG Mobility投资7500万美元,换取约10%股权
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Chery (HKEX: 9973) and South Korean automaker KG Mobility (KGM) signed a strategic investment agreement in Seoul on August 2, 2026, with Chery investing $75 million via convertible bonds that would give it about a 10% stake if fully converted.
The two companies will share overseas manufacturing capacity and sales channels, extending cooperation into semiconductors, robotics, and autonomous driving.
As China's largest car exporter, Chery is seeking a stronger presence in South Korea and a joint push into overseas markets; the signing was attended by KGM chairman Kwak Jae-sun, CEO Hwang Ki-young, and Chery chairman Yin Tong.