Phnom Penh, August 9, 2024 — On Friday morning, Prime Minister Hun Manet met with Mr. Xu Hui, Deputy General Manager of Chery Holding Group Co., Ltd., at the Peace Palace. The meeting served as a courtesy call and an opportunity to discuss potential areas of cooperation between Cambodia and the Chinese automotive giant.

Founded in 1997, Chery Holding Group is a leading player in China's high-tech automobile industry. The company has expressed a strong interest in investing in Cambodia, particularly in the automotive and parts manufacturing sectors. This potential investment aligns with Cambodia's economic development goals, offering promising opportunities for economic growth, job creation, and skills development for the country's youth.

During the discussions, Mr. Xu Hui emphasized Chery Holding Group's commitment to exploring and contributing to the Cambodian market. The company's investment is expected to bring advanced automotive technology and expertise to the country, further enhancing Cambodia's industrial capabilities.

Prime Minister Hun Manet welcomed Chery Holding Group's interest and assured the company's representatives of the Royal Government's support for foreign investments that contribute to the nation's development. He highlighted the positive impact that such investments could have on Cambodia's economy, particularly in terms of providing employment opportunities and fostering the development of a skilled workforce.

The meeting marks a significant step in strengthening economic ties between Cambodia and China, with Chery Holding Group's potential investments set to play a key role in the country's industrial and economic landscape.