South Korean automaker KG Mobility said Monday it had secured a $75 million strategic investment from China’s Chery Automobile, as the two companies strengthen

KGM has secured a $75 million strategic investment from China's Chery Automobile for the Korean carmaker’s new vehicles and future mobility technol...

Chery will invest $75 million in KG Mobility through convertible bonds, strengthening their partnership to expand global electric and hybrid vehicle markets.