Yueda Automotive Group: Chery Automotive did not take over the Gahe Automobile Yancheng Factory.

Jiangsu Yueda Automobile Group Co., Ltd. issued a statement on April 10, stating that recently, rumors such as "Chery Automobile will fully take over the Gahe Automobile Yancheng factory" and "Chery is coming" have been circulating on the internet, attracting attention from all sectors of society. "The statement in the relevant media reports about 'Chery fully taking over Gahe factory' is false information." Yueda Automobile Group stated that Yueda Kia's first factory had previously cooperated with Huachen Yuntu Technology Company to produce Gahe automobiles, and to date, ownership has not changed, and there is no situation of being "taken over by Chery".