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Below are some of the most recent news, articles and videos about Chery Automobile. China's Chery Automobile to invest $1.4 billion in Brazil China's Chery Automobile Co Ltd said on Monday it plans to invest 10 billion reais ($1.4 billion) in Brazil over the next decade, as the Chinese carmaker expands its presence in the South American nation. The investment will go towards building a factory, research and development centers and a dealer network, Chery said in a statement. The company, which started production in Brazil in 2019, plans to produce more than 120,000 vehicles a year by 2025. "This investment will make Brazil an important base for Chery's internationalization strategy," the statement said. The company said it expected to create around 5,000 direct jobs in Brazil and 10,000 indirect jobs. ($1 = 6.9133 reais) (Reporting by Carolina Mandl; Editing by Sandra Maler) China's Chery Automobile enters U.S. market with electric car China's Chery Automobile Co Ltd on Tuesday announced its entry into the U.S. market with an electric vehicle, the EXEED TX, in a move to tap into