KGM secures $75 million investment from China's Chery…global electrification and localization 'alliance'

KG Mobility has signed a strategic investment deal with Chery Automobile, securing $75 million in funding.

The two companies will expand cooperation beyond SUVs to autonomous driving, SDVs, robots, semiconductors, and overseas production bases.

Their first co-developed model, SE-10, is targeted for launch in early 2027.

The partnership could accelerate KGM’s new-car development and global expansion while broadening a Korea-China future mobility alliance.