Chery-Quantum LLC, a joint venture between Israel Corp. and Chinese car manufacturer Chery is planing to develop a small SUV, as Gasgoo.com writes.
Israel Corps owns 50 percent of the business after it invested $225 million in Chery-Quantum. The Chinese company changed its product strategy in 2009, deciding to develop an electric SUV. The car, code-named T21, has had its design created at a studio in Milan and features Cherry’s Tiggo 5 model’s design cues at a smaller scale.
According to G… (read more)