February 22, 2017 1:29 AM ET

Automobiles

Company Overview of Qoros Automotive Co. Ltd.

Company Overview

Qoros Automotive Co. Ltd. designs, engineers, manufactures, and markets cars. It offers SUV, sedan, and other cars. The company also provides financing and insurance options, as well as test drive services. It offers its products through dealers. Qoros Automotive Co. Ltd. was formerly known as Chery Quantum Automotive Co., Ltd. and changed its name to Qoros Automotive Co. Ltd. in November 2012. The company was founded in 2007 and is based in Shanghai, China with an additional office in Munich, Germany. Qoros Automotive Co. Ltd. operates as a joint venture between Chery Automobile Co., Ltd. and Israel Corporation Ltd.

3/F No. 388 Guozhan Road

Pudong New Area

Shanghai,  200120

China

Founded in 2007

Phone:

86 21 5191 3000

Key Executives for Qoros Automotive Co. Ltd.

Chairman, Acting Chief Executive Officer and President
Vice President of Operations
Compensation as of Fiscal Year 2016.

Qoros Automotive Co. Ltd. Key Developments

Qoro Launches New Engine Technology

Qoro has launched a new engine technology co-developed with the founder of Koenigsegg. The company is working toward making the cam-less engine a reality. The automaker launched its QamFree engine technology this week at the Guangzhou auto show in a working prototype. The QamFree design uses hydraulic or electronic actuators to control the engine's valves rather than traditional camshafts. The naturally-aspirated 1.6L QamFree engine is to deliver 230bhp and 236 lb-ft of torque, which is similar to a conventional turbocharged 2.0L engine. The company has not announced when the QamFree engine will go on sale, but it says that it is committed to bringing the technology to market.

Qoros Automotive to Launch Qoros 3 GT at Guangzhou Auto Show

Qoros Automotive Co. Ltd. has launched its Qoros 3 GT, China's first sports crossover sedan, at the 2016 Guangzhou Auto Show. The model features a distinctive elevated chassis design, sports performance and a sedan design. It is available in two trim levels, equipped with a 1.6-litre turbo-charged engine paired with either a six-speed manual or a six-speed automatic transmission. The manual model is priced at RMB 110,900 and the automatic model is priced at RMB 139,900.

Qoros Automotive Co., Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Qoros Automotive Co. Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported revenue of RMB 599,299,000 against RMB 367,695,000 a year ago. Loss from operating activities was RMB 441,511,000 against RMB 383,510,000 a year ago. Loss before income tax was RMB 581,535,000 against RMB 476,185,000 a year ago. Loss for the period was RMB 581,614,000 against RMB 476,313,000 a year ago. For the six months, the company reported revenue of RMB 1,110,976,000 against RMB 661,188,000 a year ago. Loss from operating activities was RMB 700,830,000 against RMB 742,992,000 a year ago. Loss before income tax was RMB 889,894,000 against RMB 918,305,000 a year ago. Loss for the period was RMB 890,039,000 against RMB 918,581,000 a year ago.

Recent Private Companies Transactions

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