Chinese automaker Chery Automobile plans to set up a factory in Vietnam next year to sell locally produced models in the country instead of importing them, according to online news portal VnExpress. “We want to build a factory in Vietnam because we don’t want to just import and sell cars,” Chery Vietnam director Tocy Tang said, according to reports. He said the plant would allow Chery to “make localized cars for Vietnam” while “optimizing the company’s potential in the country” while enhancing the brand image of Chinese cars in Vietnam. China…
Chinese automaker Chery plans to set up a factory in Vietnam next year to sell locally produced models in the country, rather than imports, online news portal VnExpress 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 said, according to reports.
He said the plant would allow Chery to “make localized cars for Vietnam” while “optimizing the company’s potential in the country” while enhancing the brand image of Chinese cars in Vietnam.
Chinese imported cars
Several Chinese car brands, including BAIC, Hongqi and Brilliance, are already listed in Vietnam, but they are imported by dealers in Haiphong.
Founded in 1997, Chery Automobile is China’s ninth largest automaker and largest auto exporter. It also produces Jaguar and Land Rover in China on a 50:50 basis with the British- and Indian-owned luxury automaker. Its other brands are Carrier, Qoros, Cowin, Exeed and Jietu.
Global Assembly Plant
The state-owned automaker’s main production locations are in China’s Anhui and Liaoning provinces.
Chery vehicles are produced using complete or semi-complete disassembly kits in some outsourced factories in developing countries, in Indonesia and globally in Brazil, Venezuela, Egypt, Ukraine and Pakistan.
