||Chery, Riich, Rely, Karry
center and main assembly plants: Wuhan
||2012: 566,500 units
2011: 643,000 units
2010: 682,058 units
2009: 501,000 units
2008: 356,000 units
2007: 381,000 units
2006: 305,200 units
2012 domestic sales by models:
QQ: 143,802 units
Cowin 1: 15,415 units
Cowin 2: 32,873 units
Cowin 3: 19,129 units
Fulwin: 79,775 units
A1: 18,111 units
A3: 17,828 units
E5: 62,847 units
Tiggo: 104,013 units
|Introduction||Chery is just a small to mid-size player in the fast-growing
China car market, but unlike most of its local rivals, it attempts to
build its own cars rather than setting up joint-ventures with foreign
car makers. After some controversial copycat designs, the latest cars
from Chery are essentially original. They are also much closer to the
world standard in technology and build quality, thanks to the
employment of foreign consultants and its decent R&D facility.
Chery also shows more global vision than its local rivals, which can be
seen in its high export rate, overseas joint-ventures,
foreigner-friendly corporate website and skillful brand management.
Chery currently has 4 brands - Chery is mainstream family cars, Karry is mini commercial vans, Rely is for company MPV and SUV, while Riich is its premium brand.
||The history of Chery is rather short compare with many other
Chinese car makers. It all started in 1997 by the Anhui province
government to boost local economy. As it was not blessed by the central
government, it could not form joint-ventures with foreign car makers,
thus it had to fight by its own effort.
Initially, it acquired the license of old SEAT Ibiza from Volkswagen group for production in its new Wuhan plant. Then, in 2003, it introduced a pair of copycat designs, QQ and Eastar, which closely modelled Daewoo Matiz and Magnus respectively. This caused some legal disputes with General Motors and a bad image overseas. Its Tiggo SUV of 2005 was also a clone to Toyota RAV4.
Chery A5 (2006) - the first real own design
Since then Chery began showing some originality. The A3, A5, A6 and G6 were developed with the help from external engineering consultants, such as Italdesign and Pinifarina (styling), Lotus (chassis dynamics), AVL Austria (engines) and Ricardo (hybrid powertrain). In particular, Chery supplied its ACTECO engines to the FIAT cars assembled in China. Meanwhile, it also established overseas assembly plants through joint-ventures in developing countries like Argentina, Iran, Turkey and Thailand. With around a third of its production exported, Chery was the biggest exporter among Chinese car makers.
However, as competition in the domestic market got intensified, the self-developed models became the victims of their international rivals. It ran into loss since 2009 and its sales declined after the peak in 2010. As a result, it largely abandoned its multi-brand strategy and diverted its resources to joint-ventures - Qoros (a JV with an Israeli firm) and a JV with Jaguar Land Rover.