August 01, 2014 7:30 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

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.

Chery Announces to Invest PHP 4.5 Billion to Set Up A New Vehicle Assembly Plant in Philippines

Chery announced that it plans to invest PHP 4.5 billion to set up a new vehicle assembly plant in the Philippines. Chery's plans to set up an assembly unit in the Philippines are in line with the company's expansion activity in regions outside its domestic market. The new plant will help the company to offer competitive pricing and better after-sales service for its customers and compete against already established brands such as Toyota in the Philippines. Further, it will also remain as an export-hub to serve the growing left hand drive market across the Southeast Asian region.

Chery to Launch Tiggo 5 in Brazil, Russia

Chery announced that its new Tiggo 5 sport utility vehicle (SUV) is now ready for sale in markets outside of China. The Tiggo 5 was released in China in 2013 following an internal delay process of six months. The new Tiggo 5 is now ready for sales launch in markets such as Brazil and Russia.

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