Globes: China’s Chery, Israel Corp launch Qoros car brand
Published on Nov 29 2011 // The Daily Pick
Israel Corp and Chery have invested $500 million in Qoros since they founded it in 2007. The company aims to meet the 2013 five-star ratings by European New Car Assessment Program (NCAP). Qoros is building a factory in Changshu, an industrial city west of Shanghai, that will have an annual capacity of 150,000 cars, which could expand in the future to 300,000…
