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July 07, 2015 5:21 AM ET

Automobiles

Company Overview of Chery Automobile Co., Ltd.

Company Overview

Chery Automobile Co., Ltd. manufactures and distributes passenger vehicles/cars, commercial vehicles, and minivans. The company’s products include engines and transmissions. It serves customers through a network of distributors in China and internationally. Chery Automobile Co., Ltd. also exports its passenger vehicles. The company was formerly known as SAIC Chery Automobile Co., Ltd. and changed its name to Chery Automobile Co., Ltd. in September 2004. The company was founded in 1997 and is headquartered in Wuhu, China. It has factories in China, Ukraine, Iran, Egypt, Indonesia, Uruguay, Malaysia, Thailand, Brazil, Syria, Taiwan, Venezuela, and Vietnam.

No.8 Changchun Road

Economic and Technological Development Zone

Wuhu,  241006

China

Founded in 1997

Phone:

86 40 0883 8888

Fax:

86 55 3595 1289

Key Executives for Chery Automobile Co., Ltd.

Chairman, President and General Manager
Executive Vice President
Vice President
Deputy General Manager and Marketing General Manager
Compensation as of Fiscal Year 2015.

Chery Automobile Co., Ltd. Key Developments

Chery Automobile to Launch Arrizo 5 in China

Chery Automobile is launching its Arrizo 5 sedan in China. The model is to be launched in the third quarter of 2015 and will be priced from CNY 60,000 to CNY 100,000. It will be positioned between the Chery Arrizo 3 and the Chery Arrizo 7. The vehicle will be available with a choice of 1.2 turbo and 1.5 turbo engines.

Chery Automobile Co Announces Earnings Results for the Year 2014

Chery Automobile Co has reported an 86% year-on-year (y/y) drop in full-year net profit to CNY 127 million (USD 20.5 million) in 2014 as the company's joint ventures (JVs) weighed heavily on results. Company's unit sales rose 4% to 455,380 vehicles, and the company reported the average price attained for its vehicles increased to CNY 80,000, up from CNY 50,000 in 2013.

Chery Automobile Appoints Chen Anning as Standing Executive Vice President

Chery Automobile recently announced the appointment of Chen Anning as standing executive vice president. Meanwhile, Gao Xinhua has been appointed the company's deputy general manager and marketing general manager.

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