Chery Automobile

Chery Automobile Co. Ltd., trading as Chery, is a Chinese state-owned automobile manufacturer headquartered in Wuhu, Anhui, China. Founded in 1997, it is currently the ninth largest automobile manufacturer in China, with 1,232,727 vehicles produced in 2022. Chery's principal products are passenger cars, minivans, and SUVs; it sells passenger cars under the Chery marque and commercial vehicles under the Karry brand. Chery began the production of automobiles in 1999 and their export from China in 2001. It has been China's largest passenger car exporter since 2003, and in 2011 exported around 25% of its total production. It operates Qoros formed in 2007, a 50:50 joint venture with Kenon Holdings, for selling a range of premium vehicles in emerging markets. In 2012, Jaguar Land Rover formed a 50:50 joint venture with Chery dubbed Chery Jaguar Land Rover for the production of Jaguar and Land Rover cars in China. Since 2002, Chery has been the top exporter of Chinese brand passenger vehicles, exporting 269,154 vehicles in 2021 and 451,337 vehicles in 2022. In May 2023, it exported 74,056 vehicles, its most ever in a single month. Chery owned and operated vehicle assembly and component manufacturing facilities in mainland China, and many of its vehicles are assembled overseas for export markets—primarily in factories not owned by the company that use either complete or semicomplete knock-down kits. It has two domestic R&D centers and invests around 7% of its total revenues in product development. History