# Chery Automobile and KG Mobility strategic partnership

> Live situation record from CLSTR: https://clstr.news/situations/chery-automobile-and-kg-mobility-strategic-partnership
> Updated: 2026-08-13T05:30:00.000Z. Sources: 7. Developments: 2.

China’s Chery Automobile and South Korea’s KG Mobility (formerly SsangYong Motor) have entered into a strategic investment and development partnership. Chery is providing $75 million through convertible bonds, which could result in a roughly 10% equity stake in KG Mobility if converted.

The collaboration focuses on accelerating international growth, particularly in European and Norwegian markets, and developing new vehicle technologies. A central component of the agreement is the SE-10 project, a midsize D+ segment SUV slated for a 2027 launch using Chery’s T2X platform. This model will feature both gasoline and plug-in hybrid powertrains.

Beyond vehicle manufacturing, the two companies are cooperating on autonomous driving, software-defined vehicle architecture, and electric drivetrains. They have also established a joint task force to explore opportunities in robotics, semiconductors, raw materials, steel, and shared production centers.

## Claims

- The companies will collaborate on autonomous driving, electric architectures, and software-defined vehicles. (corroborated by 5 sources)
- Chery has invested 75 million dollars in KGM. (corroborated by 4 sources)
- The partnership includes the development of the SE10, a D+ segment SUV intended to succeed the Rexton. (corroborated by 4 sources)
- The SE10 will be available in plug-in hybrid and 2.0-liter gasoline versions with a planned launch in early 2027. (corroborated by 4 sources)
- The companies will explore cooperation in robotics and semiconductors. (corroborated by 4 sources)
- Vehicle development will incorporate European safety and technology requirements from the initial design phase. (single source)

## Timeline

### 2026-08-13: KGM and Chery partner on new vehicle technology and global growth

Chery is investing 75 million dollars in KGM to co-develop electric and software-defined vehicles, including the SE10 SUV successor to the Rexton, targeting global and European markets.

7 sources. https://clstr.news/cluster/kgm-and-chery-partner-on-new-vehicle-technology-and-global-growth

### 2026-08-02: Chery Automobile invests $75 million in South Korea's KG Mobility

China's Chery Automobile invests $75 million in South Korea's KG Mobility via convertible bonds, gaining ~10% stake and launching a joint SE‑10 midsize SUV project with future tech cooperation.

18 sources. https://clstr.news/cluster/chery-automobile-invests-75-million-in-south-koreas-kg-mobility

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Cite as: Chery Automobile and KG Mobility strategic partnership. CLSTR, https://clstr.news/situations/chery-automobile-and-kg-mobility-strategic-partnership