Chery Automobile Co., Ltd. was founded in 1997 by five of Anhui’s local state owned investment companies with an initial capitalization of RMB 3.2 billion. Plant construction commenced on March 18, 1997 in Wuhu, Anhui Province, China. The first car came off the production line on December 18, 1999. And on August 22, 2007, the one-millionth car of Chery rolled out the assembly line successfully, which signifies that Chery has already achieved its first-stage goal in the process of building a successful independent Chinese brand, and is now on its way to create a world famous brand through opening and innovation.

In 2006, Chery achieved a total sales volume of 305,200 units, representing an increase rate of 61.5% over 2005; and in 2007, the annual sales volume of Chery reached 381,000 units, increasing by 24.8% compared with 2006. In 2007 also, Chery achieved an annual export volume of 119,800 units. As a result, the overseas sales of Chery had doubled again with an increase rate of 132%, ranking 1st for 5 consecutive years in car export in China.

As early as its foundation, Chery has been persistently carrying forward the spirit of “self-reliance, self-improvement, innovation and enterprising”, and sticking to the objective of “bringing together excellent talents and capital, striving for world leading technologies, owning independent intellectual property rights, building internationally-famous brand, developing the global automotive market and ranking among the world top automakers”, so as to ceaselessly sharpen its core competitiveness in fierce market competition. Through 10 years of leap-forward development, Chery has currently had independent capacity for the R & D of vehicles, engines and some key parts and components, independent intellectual property rights and core technologies, and become China’s largest enterprise in the R & D, manufacture, sale and export of Chinese independent-branded passenger cars, laying a solid foundation for more intense competition and faster development.

The State and the Party leaders, including Hu Jintao, Wu Bangguo, Wen Jiabao, Jia Qinglin, Wu Guanzheng, Li Changchun, Huang Ju and Zeng Peiyan, etc had successively visited Chery, and gave it full affirmation and high appraisal for its development. At the same time, they brought forward further expectations and requirements. Chery will consistently carry forward the spirit of “hardworking and enterprising”. With manufacturing “much safer, more energy-saving and more eco-friendly” vehicles as its task, Chery will keep improving its product quality and service level, try hard to create advanced technology and management method for the auto industry, so as to make its due contribution for the Chinese auto industry to rank among the world leading automakers.

Chery Automobile Co., Ltd. was founded in 1997 by five of Anhui’s local state owned investment companies with an initial capitalization of RMB 3.2 billion. Plant construction commenced on March 18, 1997 in Wuhu, Anhui Province, China. The first car came off the production line on December 18, 1999. And on August 22, 2007, the one-millionth car of Chery rolled out the assembly line successfully, which signifies that Chery has already achieved its first-stage goal in the process of building a successful independent Chinese brand, and is now on its way to create a world famous brand through opening and innovation.

In 2006, Chery achieved a total sales volume of 305,200 units, representing an increase rate of 61.5% over 2005; and in 2007, the annual sales volume of Chery reached 381,000 units, increasing by 24.8% compared with 2006. In 2007 also, Chery achieved an annual export volume of 119,800 units. As a result, the overseas sales of Chery had doubled again with an increase rate of 132%, ranking 1st for 5 consecutive years in car export in China.