Chery Holding Group Eyes Investment in Cambodia’s Automobile & Auto Parts Industry

• 13 August 2024
• Local News
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Chery Holding Group, a leading Chinese conglomerate, has expressed a strong interest in investing in Cambodia’s burgeoning automobile and auto parts industry, with ambitions to serve domestic, regional, and international markets.

This potential investment was highlighted during a meeting between Xu Hui, Deputy General Manager of Chery Holding Group Co., Ltd, and Cambodian Prime Minister Hun Manet on 9 August 2024, signalling a significant step forward in Cambodia’s industrial ambitions.

Chery Holding Group, renowned for its diverse operations in the automobile industry, auto parts, shipbuilding, and port construction, sees promising opportunities in Cambodia.

PM Hun Manet warmly welcomed this interest, emphasising Cambodia’s strategic focus on developing the automobile and auto parts sector to meet the needs of both domestic and export markets. He further encouraged the exploration of investment prospects within Cambodia’s special economic zones and port construction projects across various provinces.

This potential partnership comes on the heels of an impressive investment trend in Cambodia. In July 2024 alone, the Cambodian Development Council (CDC) approved 44 investment projects, representing a total capital investment exceeding US$396 million. Notably, China emerged as the dominant investor, contributing 68.06% of the total investment. (Read more)

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