KGM has secured a $75 million strategic investment from China’s Chery Automobile for the Korean carmaker’s new vehicles and future mobility technology, the companies said Sunday. The investment marks the latest step in an alliance that has evolved beyond product collaboration into a long-term strategic partnership focused on future growth, KGM said. The agreement follows a platform licensing deal signed by the two companies in October 2024 and a joint development pact for mid-sized and large SUVs reached in April 2025. Both carmakers also plan to deepen cooperation across software-defined vehicles (SDVs), electrical and electronic architecture, autonomous driving and electrification. KGM Chairman Kwak Jea-sun described the strategic alliances as indispensable for automakers seeking sustainable growth. “Global cooperation has become essential for securing future growth engines,” Kwak told reporters during a press conference. “By combining KGM’s 70 years of engineering expertise with Chery’s outstanding technological capabilities, we will further strengthen our competitiveness and grow int
