We tried to count the number of Chinese carmakers, and it turns out that there are approximately 70 brands. That’s not counting the foreign makes they’ve already bought like Volvo, or are currently trying to acquire like Saab, nor their numerous joint ventures with almost every big-, medium- or small-sized foreign automotive companies from Isuzu and Suzuki to Toyota and General Motors.
Even Alfa Romeo, which has cancelled its return to the U.S. more times than we care to remember, has plans to form a joint venture with local company Guangzhou Automobile.
Well, the list just got a little but bigger as on Monday Chery Automobile Co. and investment firm Israel Corp. announced a new joint venture that will lead to a new brand called Qoros.
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