Chery

Chery's joint venture plant in Spain saw its first vehicle roll off the assembly line on November 23, the S700 under EV Motors' Ebro brand.

The new Freelander-branded models will initially be sold in China through a select network and will be exported to overseas markets in the future.

The Sterra ET SUV is the second model in Exeed's Sterra lineup after the Sterra ES sedan, with a starting price of RMB 189,800 ($26,280).

Jaguar Land Rover will become the first luxury automaker to adopt Chery's platform, with the partnership close to being finalized, according to local media.

The iCar 03 has a boxy look, and Chery said it's a car for young people.

The Sterra ES hit the market less than 20 days ago, and the new variant lowers the starting price by 12 percent, underscoring the brutal competition in China's EV market.

Chery New Energy has slashed the official guide prices of its cheaper Little Ant and QQ Ice Cream models by 7.7 percent to 16.7 percent.

The Exeed Sterra ES is set to intensify competition in China's electric sedan sector and could also put Xiaomi, which is about to launch its first model, under more pressure.

Chery said its new concept car achieves the world's lowest wind resistance of 0.168 Cd with the help of its bionic design with the inspiration of tuna fish.

Chery is recalling a total of 20,063 Chery eQ1 EVs with production dates between December 3, 2016 and February 9, 2018 due to a battery system software strategy issue.