Amazon Q2 Earnings Beat Estimates as AWS AI Growth Surges, But Q3 Revenue Forecast Disappoints 
Same sparkle, different story: how lab-grown diamonds are transforming the market 
Capital One Says AML Review Led to Closure of Trump Organization Accounts 
Nike China Strategy to Lift Margins Despite $1 Billion Sales Hit, Bernstein Says 
Apple Stock Slides 7% as Weak Sales Forecast Overshadows Quarterly Earnings Beat 
T-Mobile Executives Reportedly Oppose $300 Billion Deutsche Telekom Merger 
Microsoft Stock Jumps as Azure Growth, AI Revenue Beat Expectations 
Roblox Stock Drops 16% as Q3 Bookings Forecast Misses Expectations 
Warner Bros. Discovery Shares Rise as Newsom Pushes Settlement in $110 Billion Merger Fight 
Colgate-Palmolive Reaffirms 2026 Sales Outlook Despite Weak North America Demand 
Toyota First-Half Global Sales and Production Decline on Weak China Demand, RAV4 Transition 
World game at war: why some European nations have threatened a World Cup boycott 
WestJet Cancels 86 Flights as CUPE Strike Threat Disrupts Travel 
Prysmian Nears Deal to Acquire Atkore in Potential All-Cash Takeover 
Meta Stock Drops After Earnings Miss as AI Spending and Legal Costs Weigh on Profit 
Robinhood Q2 Earnings Beat Estimates, But HOOD Stock Falls as Investors Question Profit Quality 
Russia Charges Telegram Founder Pavel Durov With Facilitating Terrorism, Seeks International Arrest 
China’s largest vehicle exporter, Chery Automobile, has agreed to invest $75 million in South Korean automaker KG Mobility Corp through convertible bonds, marking a major step in expanding their global partnership. If the bonds are converted into shares, Chery will own approximately 10% of KG Mobility.
The investment strengthens collaboration between the two automakers as Chinese car manufacturers increasingly partner with established global brands to maximize the use of underutilized overseas production facilities. Chery International President Zhang Guibing said the companies see significant opportunities to cooperate by sharing global manufacturing capacity, expanding distribution networks, and exploring brand-related initiatives.
Zhang noted that Chery’s extensive international manufacturing footprint could support future joint production strategies, while both companies also plan to work together in areas beyond vehicle assembly. KG Mobility Chairman Kwak Jae-sun confirmed that the firms will establish a joint task force to evaluate partnerships involving semiconductors, robotics, steel, raw materials, and other advanced industries.
As part of the expanded alliance, KG Mobility is preparing to launch its new midsize SUV, codenamed SE-10, in January. The model will be built on Chery’s T2X vehicle platform and will be offered in both gasoline and plug-in hybrid variants for domestic and international markets. Although the SUV is not currently planned for export to the United States, KG Mobility said it remains open to that possibility in the future.
Chery also reiterated its long-term ambition to enter the U.S. market. Zhang said the company is evaluating multiple strategies but emphasized that any expansion would require full compliance with U.S. laws, regulations, and market requirements.
Formerly known as SsangYong Motor, KG Mobility is South Korea’s fourth-largest automaker behind Hyundai, Kia, and General Motors. The company sold more than 55,000 vehicles during the first half of the year, with exports accounting for roughly 60% of total sales. The partnership with Chery is expected to strengthen KG Mobility’s international competitiveness while supporting Chery’s broader global growth strategy.
