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China’s Chery Automobile in search of new investors

Chinese automaker Chery Automobile, known as Qirui, is planning to introduce external investors through a cash injection of no less than 20 billion yuan (US$3.12 billion), Yicia.com reported. The report says the capital and share increase plan has won a unanimous vote in the internal employees’ congress. Previously, Qirui denied the rumor that Baoneng Group intended to […]