Chery Automobile expands into electric two-wheeler market
What happened
Chery showcased new products at its Wuhu headquarters, highlighting its manufacturing capabilities. The company is entering the electric two-wheeler segment, having recently received government approval for its commercial vehicle arm to commence motorcycle production. At the event, Chery displayed an electric ADV scooter and an EREV motorcycle, and registered a low-cost electric moped.
From rushlane.com
Why it matters
Chery Automobile is venturing into the two-wheeler space for the first time. This expansion targets China’s premium electric two-wheeler market, although the initial registration was for a low-cost electric moped.
Chery Automobile is headquartered in Wuhu, Anhui, and leverages the region's manufacturing base.
From rushlane.com
Who's involved
- Chery AutomobileChinese automobile manufacturer that unveiled new electric two-wheeler products
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- JaecooSpeculative
Jaecoo could benefit from Chery Automobile's overall corporate expansion and increased production.