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Chery going for the double IPO

In 2018 China Car Times was acquired by Autowise. This article originally appeared on ChinaCarTimes.com.

Its being reported by the Chinese state propaganda machine, broadcasters that Chery is going to go for IPO in both Hong Kong and the Chinese mainland. No details are currently available as to the size of the IPO, weve just been told it will happen, complete with a potential share offering.

Better keep any money Santa gives you to one side for some Chery stocks. They are planning to ramp up production from 300,000 units per year to over 600,000 units by 2008, with plans to export to more countries such as Indonesia and various Middle Eastern countries.

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Chris Riley
About Chris Riley

I have been wrecking cars for as long as I've been driving them but I keep coming back for more. Two wheels or four, I'm all in. GearHeads.org gives me a chance to give something back to the automobile community.

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