Tuesday 18th March 1997

The state-owned Chery Automobile Co., Ltd. was founded by the government of China. Chery’s principal products are passenger cars, minivans, and SUVs; it sells passenger cars under the Chery marque and commercial vehicles under the Karry brand. Chery is the 10th-largest China-based automaker. Chery began the production of automobiles in 1999 and their export from China in 2001. It has been China’s largest passenger car exporter since 2003, and exports around 25% of its total production. It operates a 50:50 joint venture with Kenon Holdings, Qoros, which was formed in 2007 and sells a range of premium vehicles in emerging markets. In 2012, Jaguar Land Rover formed 50:50 joint venture dubbed Chery Jaguar Land Rover for the production of Jaguar and Land Rover cars in China with Chery.