Chery Automobile Co, Ltd. was founded in 1997 in Wuhu city of Anhui province of China. Company profiles in manufacturing and assembly of car engines and accessories. By 2005 company assets reached $ 1.5 billion. Today, the company Chery signed on 13 000 employees.
Chery has full cycle production lines. Company has design and research centers involved in the design and manufacture of car bodies, engines, transmissions and other components. Production facilities allow to issue up to 400,000 bodies and 300,000 transmissions a year. In 2005 sales amounted to 189,100 Chery cars. The company leads in export among automobile manufacturers in China.
Chery is involved in several research projects. The company is constantly launches new models on the market. The long term goal of company is to produce more than one million cars, as well as increasing the share of exports up to 40%.
In 2005 it launched the production of a new generation of ACTECO engines, which are jointly developed with Austrian company named AVL. In addition, Chery produces a range of V8 engines with a capacity from 0.8L to 4.0L. The production includes gasoline and diesel engines of inline and V-types.