Chery

Chery Automobile Co. Ltd., trading as Chery ( ), is a Chinese automobile manufacturer. Founded in 1997¹, it is currently the fifth largest automobile manufacturer group in China, with 2,806,393 vehicles sold in 2025. The company is headquartered in Wuhu, Anhui. Chery was founded in 1997 by government officials of Wuhu, who appointed Yin Tongyue, the current chairman, as the company's first technical director. Chery launched its first car called the Fengyun in 1999, a copy of the SEAT Toledo Mk1 (itself based on the Volkswagen Golf Mk 2 chassis) using an engine production line from Ford Dagenham. During its early years, Chery used technologies from other manufacturers; some were licensed and others were acquired by reverse engineering. This led to a lawsuit in 2003 filed by General Motors alleging that Chery had copied the design of one of its cars. Chery has since developed and improved its technologies. Since 2006, Chery has produced its engines branded as ACTECO, which it also sells to other manufacturers. Until 2025, the company used to be a subsidiary of Chery Holding Group Co., Ltd and under the ownership of the Wuhu municipal government. After its IPO in 2025, it was spun-off from the Chery Holding and currently co-owned by the government of Anhui and Wuhu, the employees and several private companies.…

Chery Automobile Co. Ltd., trading as Chery ( ), is a Chinese automobile manufacturer. Founded in 1997, it is currently the fifth largest automobile manufacturer group in China, with 2,806,393 vehicles sold in 2025. The company is headquartered in Wuhu, Anhui. Chery was founded in 1997 by government officials of Wuhu, who appointed Yin Tongyue, the current chairman, as the company's first technical director. Chery launched its first car called the Fengyun in 1999, a copy of the SEAT Toledo Mk1 (itself based on the Volkswagen Golf Mk 2 chassis) using an engine production line from Ford Dagenham. During its early years, Chery used technologies from other manufacturers; some were licensed and others were acquired by reverse engineering. This led to a lawsuit in 2003 filed by General Motors alleging that Chery had copied the design of one of its cars. Chery has since developed and improved its technologies. Since 2006, Chery has produced its engines branded as ACTECO, which it also sells to other manufacturers. Until 2025, the company used to be a subsidiary of Chery Holding Group Co., Ltd and under the ownership of the Wuhu municipal government. After its IPO in 2025, it was spun-off from the Chery Holding and currently co-owned by the government of Anhui and Wuhu, the employees and several private companies. Since Chery Automobile went IPO, Chery has begun to market itself as "Chery Group", incorporating Chery Holding's commercial vehicles business. In reality, however, "Chery Group" is not an actual legal entity but merely a marketing concept. The company started exporting cars from China in 2001, ahead of other Chinese manufacturers and has been the top exporter of Chinese brand passenger vehicles since 2003. The company exported 269,154 vehicles in 2021, 451,337 vehicles in 2022, and 937,148 vehicles in 2023, accounting for 52 percent of its overall sales. Chery invests more heavily in overseas markets than other Chinese manufacturers, and many of its vehicles are assembled outside China using complete or semi-complete knock-down kits. In 2024, Chery Holding Group made its debut on the Fortune Global 500 list, securing the 385th position with a revenue of $39.0917 billion. Chery adopts a multi-brand strategy by establishing many car brands for different purposes. , the company has nine active brands, including the main Chery brand (with Fulwin and Chery New Energy sub-brands for plug-in hybrid and electric cars respectively), Exeed for premium vehicles, Jetour that focuses on SUVs (with Zongheng sub-brand for luxury off-road SUVs respectively), iCar/iCaur for electric SUVs, Luxeed as a collaborative electric car brand with Huawei, Karry for commercial vehicles, and Omoda, Jaecoo, Lepas, Exlantix, and Aiqar for export markets. The company also operates a joint venture with JLR since 2012 called Chery Jaguar Land Rover to produce Jaguar and Land Rover vehicles in China. On 25 September 2025, Chery raised about US$1.2 billion in its Hong Kong IPO at HK$30.75 per share, valuing the company at nearly US$23 billion, marking it as one of Hong Kong's largest IPOs of the year. ==History== ===Early years=== ]] Chery was founded on 8 January 1997 as a state-owned enterprise by a group of officials from Wuhu city in Anhui province. The city officials appointed Yin Tongyue ( ), the current Chery chairman, as the company's technical director in 1996. Yin is from Anhui, and at that time was a manager in FAW, holding a position as a workshop director for the FAW-Volkswagen joint venture. The car project was formally incorporated on 18 March 1997 as Anhui Auto Parts Co., Ltd., with substantial funding from the Anhui provincial government, amounting to millions of yuan. The plan was to set up an engine production line and creating a components industry, before initiating car manufacturing operations. Chery began automobile production in 1999 using a unlicensed copy of the SEAT Toledo bodyshell and the Ford CVH engine manufactured using equipment bought from Ford Dagenham. Called the Fengyun, Chery's first car sold nearly 30,000 units. By 2002, Chery's production and sales exceeded 50,000 units, ranking among the "top eight" in the domestic passenger car industry. However, the company was only awarded a national passenger car production license in 2003, so while its first product rolled off the line in December 1999, it could not be legally sold outside the Anhui province for several years. During that period, Chery solved the problem by piggybacking on a SAIC Motor license until 2003. In this period, SAIC held a 20 percent share in Chery. Ownership was soon sold due to rising tensions between Chery and SAIC partner General Motors, and political pressure from the SAIC management towards Anhui authorities. ==Operations== Chery's main production base in mainland China is located in Anhui. As of 2007, the company had two auto-making production bases, two engine-making facilities, and a transmission production plant. Another car-making production base located in Dalian, Liaoning province, became operational in 2012. File:Chery Arrizo 8 004 (cropped).jpg|Chery Arrizo 8 File:Arrizo 8 CSH.png|Chery Arrizo 8 CSH File:Chery Arrizo 5 Plus Ozawa 001 (cropped).jpg|Chery Arrizo 5 Plus File:Chery Arrizo 5 2024 facelift 003.jpg|Chery Arrizo 5 File: Chery Tiggo 9L 001.jpg|Chery Tiggo 9L File:2023 Chery Tiggo 9.jpg|Chery Tiggo 9 File:Tiggo 9 CSH.png|Chery Tiggo 9 CSH File:Chery Tiggo 8L 001.jpg|Chery Tiggo 8L File:2023 Chery Tiggo 8 Pro PHEV.jpg|Chery Tiggo 8 Pro File:Tiggo 8 CSH.png|Chery Tiggo 8 CSH File:2021 Chery Tiggo 7 Plus.jpg|Chery Tiggo 7 Plus File:Chery Tiggo 7 (瑞虎7) III C-DM 01 China 2025-03-31.jpg|Chery Tiggo 7 High Energy File:Tiggo 7 CSH.jpg|Chery Tiggo 7 CSH File:2020 Chery Tiggo 5X (facelift, front).jpg|Chery Tiggo 5x File:Chery Tiggo 5X High Energy Edition 001.jpg|Chery Tiggo 5x High Energy File:Chery Tiggo 5S (瑞虎5 运动) 02 China 2026-04-21.jpg|Chery Tiggo 5 Sport File:Tiggo4 CSH.png|Chery Tiggo 4 CSH File:Chery_Tiggo_3x_Plus_001_(cropped).jpg|Chery Tiggo 3x File:Chery Omoda 5 012.jpg|Chery Omoda 5 File:Chery Himla 2.3d Turbo 2026.jpg|Chery Himla File:Chery Fulwin A8 001.jpg|Chery Fulwin A8 File:Chery Fulwin A8L 003.jpg|Chery Fulwin A8L File:Chery Fulwin A9 sedan 001.jpg|Chery Fulwin A9 File:Chery Fulwin A9L 001.jpg|Chery Fulwin A9L File:Chery Fulwin T7 003.jpg|Chery Fulwin T7 File:Chery Fulwin T8 003.jpg|Chery Fulwin T8 File:Chery Fulwin T9 002.jpg|Chery Fulwin T9 File:Fulwin T9L China 2026-04-16.jpg|Chery Fulwin T9L File:Fulwin T10 2 China 2025-04-11.jpg|Chery Fulwin T10 File:Chery Fulwin T11 001.jpg|Chery Fulwin T11 File:Chery Fulwin X3 Plus 001.jpg|Chery Fulwin X3 Plus File:Chery QEV PIMS 2026.jpg|Chery QQ3 File:Chery Q.png|Chery Q File:2022 Chery eQ1 (facelift, front).jpg|Chery eQ1 File:Chery QQ Ice Cream IMG01.jpg|Chery QQ Ice Cream File:Chery Arrizo 5e 001.jpg|Chery Arrizo e File:2023 Chery EQ7.jpg|Chery eQ7 File:Exeed Lanyue 003.jpg|Exeed Lanyue File:Exeed Yaoguang C-DM 001.jpg|Exeed Yaoguang File:Exeed Sterra ES 001.jpg|Exeed Sterra ES ===Jetour=== Jetour ( ) is Chery's SUV brand launched in 2018. The brand mainly produces mid-size crossovers and SUVs, targeting Chinese families living in tier-three and tier-four cities who travel long-distance frequently. File:Jetour X70 Plus facelift 001.jpg|Jetour X70 Plus File:Jetour Traveller 003.jpg|Jetour Traveller File:Jetour Zongheng G700 001.jpg|Jetour Zongheng G700 File:ICAR V23 001.jpg|iCar V23 File:ICar V27 China 2026-03-21.jpg|iCar V27 File:Luxeed V9 01 China 2026-04-22.jpg|Luxeed V9 File:Luxeed S7 005.jpg|Luxeed S7 File:Luxeed R7.jpg|Luxeed R7 File:Jetour Reaolo 001.jpg|Rely Reaolc File:2023 Omoda C5 front view.png|Omoda C5 File:2024 Jaecoo J7 3.jpg|Jaecoo J7 File:Exeed Sterra ES 006.jpg|Exlantix ES File:Lepas L8 PHEV (Indonesia) prototype front view.jpg|Lepas L8 File:Riich G3 front.jpg|Riich G3 File:Riich M1 China 2012-04-21.JPG|Riich M1 File:Riich G5 China 2014-04-16.jpg|Riich G5 Karry Auto is a Chinese market only brand founded by Chery in 2009¹. It specializes in the production of light commercial vehicles and people carriers for passenger transport. File:Karry Jiangtun IMG01.jpg|Karry Porpoise File:Karry Dolphin IMG010.jpg|Karry Dolphin File:Karry Little Elephant EV 001.jpg|Karry Little Elephant EV Chery & Wanda Buses is the division for buses, coaches, and commercial vans of the Chery Holding. The company was established jointly with Guizhou Wanda Bus Co., Ltd with the bus production base commenced in Xiaomeng Industrial Park in the Guiyang Economic Development Zone in 2011¹. In 2012 it was renamed to Chery & Wanda Guizhou Bus Co., Ltd. As of November 2023, it continues to be in charge of the production and sales of multiple models such as the Rely H5 for export markets. File:20250614 豫B09906D on Gongyuan Road.jpg|Chery Wanda WD6105BEVG15 bus File:20240805 豫B00865D on Jincheng Avenue.jpg|Chery Wanda WD6666BEVG03 bus File:Chery Wanda WD6757BEVRG01 WA4550 Kowloon GMB 25M 2025-11-28.jpg|Chery Wanda WD6757BEVRG01 bus ====Brazil==== , Brazil, 2011]] Chery has a production base in Jacareí, Brazil, that began construction in July 2011, in a joint effort with the government of the state of São Paulo. The plant began operating in August 2014, with a first-phase production capacity of 50,000 units per year. In phase two, the plant would achieve an annual production capacity of 150,000 units. Models produced there were the hybrid-powered Celer (since October 2014), the QQ (since the second half of 2015), Tiggo 2 (since mid-2017) and Arrizo 5 (since October 2018). In 2017, the Brazilian automobile manufacturer Grupo Caoa bought 51 % of Chery's operation in Brazil. Since then, the vehicles in Brazil have been offered under the Caoa Chery brand. Caoa has been producing the Tiggo 4 in Anápolis, Goiás in knock-down kit form since November 2018. Between 2018 and 2023, the plant had produced the Arrizo 5, Arrizo 6, Tiggo 2, Tiggo 3x, Tiggo 5x, Tiggo 7 and Tiggo 8, totaling around 146,921 vehicles. In August 2023, Caoa announced a R$3 billion investment in the Anápolis facility to expand and modernize the plant. It resulted in the opening of a second production shift in January 2024, which created 1,357 new jobs in total. In 2024, Chery will enter the Brazilian market independently without Caoa by using three brands: Omoda, Jaecoo, and Exeed. The company also plans to reactivate the Jacareí plant to produce cars from the three brands; the plant is currently owned by Caoa Chery and has sat dormant since February 2022. ====Uruguay==== Between 2007 and 2015, the Argentinian company SOCMA Group manufactured Chery vehicles in the Oferol factory in Barra de Carrasco, Canelones, Uruguay. The Tiggo was officially launched in Uruguay in October 2007. The plant was permanently closed as of May 2015. ====Venezuela==== First introduced to the country in mid-2006, Chery vehicles continued to be the only licensed Chinese car exports to Venezuela as of 2011, according to the company. Opened in September 2011, a new Chery production site in the north-central state of Aragua, owned by the ZGT joint venture, produces the A1 and A3 models. ====Indonesia==== Chery models were assembled from knock-down kits and sold in Indonesia since 2006 until 2011 by Indomobil Group. Indomobil ended sales of Chery in 2011 due to low sales and recurring quality issues. In 2022, the brand returned to Indonesia under direct factory-backed operations, and contracted PT Handal Motor Indonesia to assemble Chery vehicles in the country as of late 2022. Chery started exporting vehicles from Indonesia to Vietnam since 2024. ====Iran==== ]] In 2003, Chery signed CKD (completely knock down) agreements with Iran's SKT Company and Modiran Vehicle Manufacturing Company, which involved a factory construction to assemble vehicles in the form of complete parts, which has lower tariffs than directly importing complete vehicles. Manufacture from kits in Iran began in 2004. In late 2007, Chery stated that it held a minority ownership in a joint venture with Iran Khodro and Canadian Solitac as its partners. This joint venture controlled a knock-down factory in Babol, Mazandaran. ====Malaysia==== In 2006, local manufacturer Proton considered producing an MPV and an SUV model together with Chery in Malaysia, which are reported as the Chery V5 and Chery Tiggo, respectively. By 2008, a factory assembling Chery models from kits opened in Johor Bahru, Johor through a 50–50 joint venture between local company Alado Corp Sdn Bhd and Chery. Its first model was the Chery Eastar MPV, originally the V5 in China. In 2012, Chery planned another factory that was expected to be built and operational in Malaysia by 2015. In 2023, the brand returned to Malaysia under direct factory-backed operations, and assembled vehicles at Inokom's facility in Kulim, Kedah since August 2023. In 2024, Chery Malaysia announced that it will build a fully owned plant in Shah Alam to complement production at Kulim, which would produce Jaecoo vehicles. The first vehicle produced by the facility, a Jaecoo J7, rolled off the plant in June 2024. ====Pakistan==== Chery has entered into a manufacturing and licensing agreement with Ghandhara Nissan of Pakistan. The assembly of Chery SUVs in Pakistan commenced on 31 March 2022. ====Taiwan==== The Chery A3 was assembled since August 2009 in Taichung, Taiwan, by Shengrong Auto, a subsidiary of Prince Motors ( ), a Taiwanese car company. ====Russia==== , Russia]] Chery entered the Russian market in 2005. Avtotor produced Chery models from kits from 2006 to 2008. TagAZ also produced Chery vehicles, from 2008 to 2014, but they usually carried non-Chery badges such as "Vortex". In 2020, Chery started selling Exeed vehicles in Russia. As a result of Western, South Korean and Japanese manufacturers leaving Russia due to the Russian invasion of Ukraine in 2022, Chery reported massive sales growth in Russia. In 2023, Chery was second only to the local Russian brand Lada with annual sales of 119,000 vehicles with a local market share of 11.2 percent, accounting for 20 percent of Chery's overseas sales. In 2024, local manufacturer AvtoVAZ will produce the Chery Tiggo 7 Pro Max at a former Nissan assembly plant, now rebranded as the Xcite X-Cross 7. Despite local production, the Chery Tiggo 7 Pro Max will still be available in the Russian market as Chinese imports sold through Chery dealerships. ====Turkey==== In October 2009, Chery announced plans for an assembly plant in Turkey to be built in cooperation with the Turkish carmaker Mermerler Otomotiv at a cost of $500 million. The plant is planned to have an initial capacity of 20,000 units per year, rising to 100,000 by 2017. As of 2012, the plant has yet to commence production. Chery re-entered Turkey in late 2022 under its own direct investment, and started sales in March 2023 with three models, the Omoda 5, Tiggo 7 Pro and Tiggo 8 Pro. In its first year of sales, Chery was able to sell 40,590 vehicles in the country, ahead of many established brands. In March 2025, the Turkish government announced that Chery's partners will make a US$1 billion investment in Samsun, Turkey for a manufacturing plant with a capacity to create 5,000 jobs and produce 200,000 vehicles a year. The project also includes a research and development. ====Ukraine==== Chery had a partnership with ZAZ since 2006 and manufactured cars from kits at sites in Zaporizhzhia and Chornomorsk. Since February 2011, the Chery A13 has been manufactured in Ukraine, where it is rebadged and sold in the country as a ZAZ Forza. ====United Kingdom==== Chery launched Omoda in the United Kingdom in May 2024 with the Omoda 5 and Omoda E5. It shares its dealer network with Jaecoo, which was later launched in February 2025 with the Jaecoo 7. That year, Chery launched its eponymous brand in August. Chery's UK director, Victor Zhang, has said the company is considering opening a UK factory. In January 2026, Chery announced plans to open a research and development facility in Liverpool that will serve as the European headquarters for its commercial vehicle arm, after reports emerged that Jaguar Land Rover could assemble Chery vehicles in its UK factories. In June, an agreement was reached allowing Nissan to assemble Chery models in its plant in Sunderland by 2027. On 19 August 2026, Chery announced it would open an R&D facility at the UTAC Millbrook site in Bedfordshire, to be opened in autumn. ====Egypt==== in Sharm el-Sheik, Egypt]] Assembly of Chery cars from complete knock-down kits began in Egypt in 2004 according to the company itself, but news reports indicate that it only expressed initial interest in doing so that year. As of 2011, some Chery models were sold in the country under the brand name Speranza. One Egyptian factory making Chery models from semi-complete knock-down kits had a 2009 production capacity of 30,000 vehicles/year. In 2011, Chery stated the parts localization ratio for Egypt was 45%. ==Controversies== ==Sales== ==See also== Automobile manufacturers and brands of China List of automobile manufacturers of China List of automotive manufacturers by production Automotive industry in China ==External links==

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