Chery may join hands with Baoneng to regain control of Qoros Auto

It is reported that the Changshu government is bringing Chery and Baoneng together for negotiations, and the two parties may jointly invest in the purchase of Qoros Auto's equity. In addition, there are rumors that Chery will invest in the acquisition of 30% of Qoros Auto's equity, which will enable Chery to regain control of Qoros Auto. These rumors have not been officially confirmed, but if true, the restart of Qoros Auto will add new impetus to Chery's high-end and electrification strategies.