Chery Investment: Little To Reverse BMI's Pessimism

Chery Auto has signed a cooperative agreement with China Development Bank and the Venezuelan government with the view to setting up a manufacturing facility in the country as the Chinese carmaker seeks to increase its presence in Latin America. However, much of the company's current plans are solely aimed at producing vehicles for the domestic market as Chery sees a huge dearth in the availability of affordable models in the market.

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