China’s Chery Automobile Co. Ltd. signs a deal with Thai Chery Yarnyon Co. Ltd. to assemble cars in Thailand. Under the joint-venture agreement, Thai Chery Yarnyon will assemble Chery’s QQ and Tiggo models from semi-knocked-down kits for both the domestic and Southeast Asian markets, Chinese government news service Xinhua reports. Initial capacity is pegged at 5,000 vehicles annually. The two auto makers will invest at least 1 billion baht ($28.5 million) in the JV. Thai Chery Yarnyon ...
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