Chery's investment direction attracts Malaysia

By CARSIFU | 3 April 2023

KUALA LUMPUR: Chinese automotive maker Chery was invited to discuss its investment plan and development direction during Prime Minister Anwar's visit to China last week.

Chery executives met with International Trade and Industry Minister Tengku Zafrul Abdul Aziz who was part of Anwar's entourage.

Chery, whose plans attracted the interest of Zafrul, was invited to participate in the round table conference with Prime Minister Anwar and the Malaysia-China Business Forum held on April 1.

Chery Group is an international company that has diversified business development.

Round table_Chery

In 2023, the sales volume of Chery's new vehicles exceeded 1.23 million units, representing a year-on-year growth of 42%.

The company also exported 450,000 units overseas, ranking No.1 among Chinese passenger car exporters for 20 consecutive years.

It is reported that Chery has set up a wholly-owned subsidiary in Malaysia, which is scheduled to be unveiled in the second quarter of this year.