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July 04, 2015 10:19 AM ET

Automobiles

Company Overview of Qoros Automotive Co

Company Overview

Chery-Quantum LLC manufactures cars. The company was founded in 2007 and is based in Wuhu, China. Chery-Quantum LLC is a joint venture between Chery Automobile Co., Ltd. and Israel Corporation Ltd.

Wuhu,  

China

Founded in 2007

Key Executives for Qoros Automotive Co

Chief Executive Officer
Age: 59
Chief Financial Officer
Director of Sales and Marketing Department
Compensation as of Fiscal Year 2015.

Qoros Automotive Co Key Developments

Qoros Automotive Co Announces Earnings Results for the Year 2014

Qoros Automotive Co announced earnings results for the year 2014. For the period, the company reported a loss of CNY 2.1 billion due to weak sales.

Qoros Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Qoros announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of RMB 293,493,000 compared to RMB 125,274,000 a year ago. Loss from operation was RMB 359,482,000 compared to RMB 332,267,000 a year ago. Loss before tax was RMB 442,120,000 compared to RMB 357,873,000 a year ago. Loss for the period was RMB 442,268,000 compared to RMB 357,924,000 a year ago.

Qoros Reports Earnings Results for the Year Ended December 31, 2014

Qoros reported earnings results for the year ended December 31, 2014. Revenues were RMB 865 million ($140 million) in 2014 compared to revenues of RMB 13 million ($2 million) in 2013. Kenon's share in Qoros' comprehensive loss increased to $175 million for 2014, compared to losses of $127 million for 2013. The company's results of operation reflect the fact that Qoros is an early stage auto company, incurring significant expenses, including those relating to the launch of new models, but has not achieved significant revenues. Loss before taxes was $175 million.

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