Chinese automotive firm to set up European headquarters in UK

LONDON - Chinese company Chery Commercial Vehicle (CCV) will establish its first European headquarters in the British city of Liverpool, local authorities said on Thursday.

The move is expected to strengthen the city region's advanced manufacturing base as well as the electric and new-energy vehicle sector, according to the authorities.

The headquarters will serve as the central hub for CCV's European operations, covering research, engineering, innovation and commercial development, said a statement released by Liverpool City Council.

The project is expected to create high-value jobs across engineering, software development, research and development, and operational roles, it added.

It will also enhance collaboration with local research institutions and innovation centers, while opening up new opportunities for local suppliers in the manufacturing supply chain, the statement noted.