Who owns cherry cars

Founded as a state-owned enterprise in , auto production commenced in [1] using a chassis licensed from Volkswagen's SEAT Toledo. In Chery produced , units, [4] although by that time it probably had a per-year production capacity of , Making its first export to Syria in , [7] as of Chery was the top exporter among Chinese automakers [1] a title it held since It may have been affiliated with SAIC at one time. When Cerberus Capital Management owned Chrysler , this company planned a cooperation with Chery that would have seen the Chery A1 and its underpinnings sold under the Dodge brand name in the US and abroad.

Around the time of the Chrysler Chapter 11 reorganization , this American automaker discussed the possibility of an asset sale with Chery. In Fiat and Chery signed a Memorandum of Understanding on the creation of a Sino-Italian car-making joint venture.

The deal was put on hold in March, As of , Chery sold under at least four brand names. These include Karry , Rely , Riich , and its own. In , Chery announced plans to discontinue the Karry and Rely brands, incorporating the models under the Chery banner. The company has a customer service network that spans at least 31 Chinese provinces, autonomous regions, and direct-controlled muicipalities. The company has a handful of Sino-western joint ventures , most with part or component manufacturers.

Its first car making joint venture with a foreign firm, Qoros was established by Chery in cooperation with an Israeli company, Israel Corporation, in and may begin selling models as early as High quality Qoros cars are built with components and systems from foreign suppliers such as American Visteon and French Valeo. Its Corporate social responsibility activities comprising sponsored forests with a sand-control purpose [34] and donations for disaster relief, [35] Chery is a company that has helped its greater environment in more ways than simply supplying it with automobiles.

An informal, Russian crash test yielded a poor score for a Chery model named the Amulet, but a later test on Chinese soil saw this model, sold on the Russian market, fare better. The A3 received a five-star C-NCAP safety rating [37] becoming the first indigenous car to achieve such a high-test rating. Like many Chinese automakers, Chery want to produce electric vehicles in the future.

China subsidies oil, and some of its automakers see opportunities in less mature electric vehicles because Western companies have yet to develop much of a lead in the technology. Another company, the American Better Place , signed a memorandum of understanding with Chery for the development of prototype electric vehicles to be used in its pilot projects.

In Chery announced it had built an all-electric car, the S In early the company showed an all-electric Chery Riich M1 to journalists touring its "garden-like factories".

As of early the official Chery website lists two hybrid and two all-electric models. It was established on the initiative of the Chinese government in Chery manufactures cars, minivans and SUVs. It successfully sells Chery cars and commercial vehicles under the Karry brand. Chery produces almost , units per year.

This is the tenth place in the ranking among its closest domestic competitors. The entire Chery range. Cherry produced her first cars in and began exporting her cars in Already in the period Cherie owns half of the joint venture with the Israeli corporation Qoros , established in and engaged in the design and sale of premium class cars.

At the same time, there were plans to cooperate with Fiat, the planned deal with Tata Motors, and the launch of its own production in Turkey. It has been selling passenger vehicles since when it was built by the Chinese government. Meaning, Chery is a corporation owned by the state. They usually sell minivans, SUVs, and cars. Since its conception in , it has been on top of the production and became the 10th largest automobile manufacturer in But did you know that they only started making automobiles in ?

And they started exporting only in ? Chery also did partnerships with Qoros, an Israel Corporation in and paved its way to tie up with Jaguar Land Rover in These partnerships led to the opening of many component manufacturing plants and assembly facilities in China, and several assembly facilities in 15 other countries.

Chery has successfully sold over , units in making them the 7th most productive Chinese automobile maker. Unfortunately, their sales went a little bit down in and with , and ,, respectively. This is most probably because of the sudden mix in their manufacturing process among the product lines they put out in the market. Meanwhile, the parts used in Chery cars are either designed abroad or are imported from other countries.