Chery a popular brand of cars in China

(chinadaily.com.cn)
Updated: 2006-08-07 09:18

Chery QQ, a popular model produced by Chery automobile. Founded in 1997, Chery Automobile Co., Ltd. specialized in the production and operation of automobiles and auto components. The total assets have come to 11.8 billion yuan. Chery now has introduced six types of car onto the market: Eastar, Tiggo, A5, Cowin, V5, and QQ. The present production capacity for whole vehicle and gear box is respectively at 400,000 and 300,000 units per year. In 2005, Chery achieved a sales volume of 189,100 cars with a total increase rate of 118%, and exported 18,000 cars overseas, ranking No.1 in the export of domestically made cars. [chinadaily.com.cn]

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