Citi has reiterated its buy rating on Chery Automobile, arguing that investors are assigning too little value to the Chinese carmaker's overseas earnings and long-term growth prospects.
ANG Editor
Tata Motors is preparing to use a vehicle platform sourced from Chery Automobile as it pushes ahead with Avinya, its premium electric-vehicle brand for the Indian market, according to overseas media reports. The plan would give India’s largest carmaker a faster route into high-end electric vehicles after earlier plans linked to Jaguar Land Rover’s EMA architecture were put on hold.
