October 01, 2014 8:59 PM ET

Automobiles

Company Overview of Chery Automobile Co., Ltd.

Company Overview

Chery Automobile Co., Ltd. manufactures and distributes passenger vehicles/cars, commercial vehicles, and minivans. The company’s products include engines and transmissions. It serves customers through a network of distributors in China and internationally. Chery Automobile Co., Ltd. also exports its passenger vehicles. The company was formerly known as SAIC Chery Automobile Co., Ltd. and changed its name to Chery Automobile Co., Ltd. in September, 2004. Chery Automobile Co., Ltd. was founded in 1997 and is headquartered in Wuhu, China. It has factories in China, Ukraine, Iran, Egypt, Indonesia, Uruguay, Malaysia, Thailand, Brazil, Syria, Taiwan, Venezuela, and Vietnam.

No.8 Changchun Road

Economic and Technological Development Zone

Wuhu,  241006

China

Founded in 1997

Phone:

86 40 0883 8888

Fax:

86 55 3595 1289

Key Executives for Chery Automobile Co., Ltd.

Chairman
Vice General Manager
Vice President
Vice President
Compensation as of Fiscal Year 2014.

Chery Automobile Co., Ltd. Key Developments

Tata And Another Company Interested In TagAZ

Negotiations are underway between Chery Automobile Co. Ltd. and Sberbank for the interest in the site of OOO TagAZ. Chery expressed interest in the site of “TagAZ” in April 2014. After the completion of the inventory and valuation of the property it is planned to be held the open trade and the sale of property to a strategic investor. Interest in the enterprise is also showed by Tata Motors Limited (BSE:500570) and another company,” said Sergey Gorban, Vice-Governor of the Rostov Region.

Three Companies Show Interest in TagAZ

The Deputy Governor of the Rostov region, Sergey Gorban said that Tata Motors Limited (BSE:500570) and another unnamed company are interested in allocation of their manufacturing processes at OOO tagAZ. China's Chery was earlier also reported to show interest in acquisition of TagAZ.

Chery Automobile Co., Ltd. to Launch New Chery EQ in China

Chery Automobile Co., Ltd. launching its new Chery EQ in China in the second half of 2014. The model is based on the new Chery QQ and will be priced from CNY 80,000. It is equipped with an electric motor that delivers 56bhp. The company also working on an electric variant of the Chery QQ3 Sport.

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