Chinese automaker Chery Automobile plans to set up a factory in Vietnam next year to sell locally produced models in the country instead of imported ones, online news portal VnExpress reported. “We want to build a factory in Vietnam because we don’t want to just import and sell cars,” Tocy Tang, director of Chery Vietnam, reportedly said. He said the plant would enable Chery “to manufacture localized cars for Vietnam” while “optimizing The company’s potential in Vietnam”, while enhancing the overall brand image of Chinese automobiles in Vietnam. China…
Chinese automaker Chery Automobile plans to set up a factory in Vietnam next year to sell locally produced models in the country instead of imported ones, online news portal vietnam express report.
“We want to build a factory in Vietnam because we don’t want to just import and sell cars,” Chery Vietnam director Tocy Tang reportedly said.
He said the plant would enable Chery to “manufacture localized vehicles for Vietnam” while “optimizing the company’s potential in Vietnam” while enhancing the overall brand image of Chinese cars in Vietnam.
Chinese imported cars
Several Chinese car brands such as BAIC, Hongqi and Brilliance already operate in Vietnam, but they are imported by dealers in Haiphong.
Founded in 1997, Chery is China’s ninth largest automaker and largest auto exporter. It also makes Jaguar and Land Rover in China in a 50:50 joint venture with the UK- and India-based luxury automaker. Other brands include Karry, Qoros, Cowin, Xinghe and Jietu.
Global Assembly Plant
The state-owned automaker’s main production bases are located in China’s Anhui and Liaoning provinces.
Many outsourced factories in developing countries build Chery vehicles from complete or semi-complete disassembly kits, located in regional areas of Indonesia, and globally in Brazil, Venezuela, Egypt, Ukraine and Pakistan.
