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Qoros secures big investment despite performance wobble

By Li fusheng | China Daily | Updated: 2017-06-26 07:31

Strategic injection shows it is moving into second stage of development, according to the company

Everyone loves birthday gifts, and Chinese automaker Qoros Automotive is receiving a big one as it turns 10 years old this year.

Qoros, together with its parent companies Quantum and Chery Automobile, has signed an agreement with a China-based investor, which will inject 6.5 billion yuan ($950 million) for a controlling stake.

Qoros secures big investment despite performance wobble

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