Chery's QQme at a car show. The firm will take advantage of its new partner's production and management experience to move to the higher end of the market. Photo: AFP

Mainland carmakers Guangzhou Auto and Chery in bid to beat slow market

Guangzhou Automobile Group, the Chinese partner of Japan's Toyota Motor and Honda Motor, formed an alliance with fellow mainland firm Chery Automobile yesterday to share core technology and management experience in an attempt to boost competitiveness in a slowing market.