Chinese manufacturer Chery manufacture plans to invest over $2.9 billion to expand its production capacity, a development scheduled to be based in Ordos, Inner Mongolia Autonomous Region, North China, as Global Times writes.
Chery officials have confirmed that the carmaker has initiated talks to make a proposal to the Ordos officials after the investment plan had surfaced through local merchants. The government has already reserved a vat area for the carmaker’s project. Chery’s Dongsheng dist… (read more)