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Chery Automobile Company Ltd

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Investor

Investor profile

Chery Automobile Company Ltd

China

Company's website: www.cheryinternational.com/

T: +86 5535923028

Private company

Contact: Mr Tongyue Yin, Chairman and CEO

Chery Automobile — Chinese auto manufacturer.

Yin Tongyue
Yin Tongyue, President of Chery Automobile Co
"Russian car market is the top priority for Chery and the company is fully ready to invest in the manufacturing and development of new models in Russia."
Chery in the World

The company was founded in 1997

First Chinese company to export cars

The company is comprised of 6 automobile plants and 11 assembly facilities worldwide

Chery in Russia

December 2005 – Chery founded its subsidiary in Russia - the first Chery subsidiary abroad.

2006 – contract with Kaliningrad Avtotor to assemble Chery cars in Russia.

May 2006 – sales of Chery cars was launched in Russia.

Autumn 2014 – manufacturing at Derways plant is to launch.

Investments in Russia

Derways

The plant will manufacture 2 models – Bonus 3 sedan and Tiggo 5 crossover. The target capacity is planned to be achieved by 2016.

Negotiations are in progress to localize manufacture of some spare parts, key parts and units. The initiatives are designed to drive localization volumes up to 50%.


Manufacturing at Derways plant

"Manufacturing will start in late August - early September, and localization volumes will steadily increase. At first this process will cover welding and painting. In the future, Chery plans to purchase tires, seats, car glass and plastic products in Russia. Also, the Company intends to establish an R&D center in Russia."

Yin Tongyue
President of Chery Automobile Co

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