Chery-Quantum LLC, a joint venture between Israel Corp. and China's Chery Automobile Co., will develop a compact jeep, whose initial technical details have been disclosed by the official Chinese press, said Israel's Globes Online. Israel Corp. invested $225 million in Chery-Quantum for a 50% stake in the JV. Last year, Chery-Quantum changed its premium car strategy to focus on an electric jeep. The new Chery-Quantum compact jeep, code-named T21, was designed at a studio in Milan, and resembles the general design of Chery's Tiggo 5, but is smaller