Chery Explores $7 Billion IPO for Its Auto Unit in Hong Kong: A Potential Game-Changer in the Automotive Industry

In a move that could significantly alter the landscape of the automotive industry, Chery Automobile Co., a leading Chinese automaker, is reportedly contemplating an initial public offering (IPO) for its high-performance automobile unit in Hong Kong. This move could potentially raise as much as $7 billion, sources familiar with the matter revealed.

Continue reading