 Logo since 2022 | |||||||||
 Chery's booth at 2017 International Motor Show Germany | |||||||||
| Company type | State-owned corporation | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Industry | Automotive | ||||||||
| Founded | 8 January 1997 | ||||||||
| Headquarters | Wuhu, Anhui, China | ||||||||
Area served | Worldwide | ||||||||
Key people | Yin Tongyue (chairman) | ||||||||
| Products | Automobiles Engines | ||||||||
Production output |  1,881,316 vehicles (2023)[1] | ||||||||
Number of employees | 48,000[2] | ||||||||
| Parent | Chery Holding Group | ||||||||
| Subsidiaries | |||||||||
| Chinese name | |||||||||
| Simplified Chinese | 奇瑞汽车股份有限公司 | ||||||||
| Traditional Chinese | 奇瑞汽車股份有限公司 | ||||||||
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| Chery | |||||||||
| Simplified Chinese | 奇瑞 | ||||||||
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| Website | www www | ||||||||
Chery Automobile Co. Ltd., trading as Chery (Chinese: 奇瑞; pinyin: Qíruì),[3] is a Chinese automobile manufacturer with its headquarters in Wuhu, Anhui, China; it is owned by the Wuhu municipal government. Founded in 1997, it is currently the fifth largest automobile manufacturer group in China with 1,881,316 vehicles sold in 2023.[4][5] In 2024, Chery Holding Group made its debut on the Fortune Global 500 list, securing the 385th position with a revenue of $39.0917 billion.[6][7]
Chery was founded in 1997 by government officials of Wuhu City, who appointed Yin Tongyue, the current chairman, as the company's first technical director. Chery launched its first car called the Fengyun in 1999, using a licensed SEAT chassis. During its early years, Chery utilized technologies from other manufacturers; some were licensed and others were acquired by reverse engineering. This practice led to a lawsuit in 2003 filed by General Motors alleging that Chery had copied the design of one of its cars. Chery has since developed and improved its technologies. Since 2006, Chery has produced its engines branded as ACTECO, which it also sells to other Auto maker.[8]
The company started exporting cars from China in 2001, ahead of other Chinese manufacturers and has been the top exporter of Chinese brand passenger vehicles since 2003. The company exported 269,154 vehicles in 2021, 451,337 vehicles in 2022, and 937,148 vehicles in 2023, accounting for 52 percent of its overall sales.[9][10] Chery invests more heavily in overseas markets than other Chinese manufacturers, and many of its vehicles are assembled outside China using complete or semi-complete knock-down kits.
Chery adopts a multi-brand strategy by establishing many car brands for different purposes. As of 2024[update], the company has eight active brands, including the main Chery brand (with Chery Fulwin and Chery New Energy sub-brands for plug-in hybrid and electric cars respectively), Exeed for premium vehicles, Luxeed as a collaborative electric car brand with Huawei, Jetour that focuses on SUVs, iCar for electric SUVs, Karry for commercial vehicles, and Omoda/Jaecoo for export markets. The company also operates a joint venture with JLR since 2012 called Chery Jaguar Land Rover for the production of Jaguar and Land Rover vehicles in China.
- ^ "Chery Holding achieves highest-ever sales in 2023, surpassing 1.88 million units". Gasgoo. Retrieved 4 January 2024.
- ^ "海外产品使用-企查查". www.qcc.com. Retrieved 5 May 2024.
- ^ Xing, W. W. J. (2002). "Automakers in the fast lane". The China Business Review: 29(4)
- ^ "三大历史突破!奇瑞集团2023年销售汽车188.1万辆, 同比增长52.6%". Weixin Official Accounts Platform. Retrieved 3 March 2024.
- ^ 乘联会. "【月度排名】2023年12月零售销量排名快报". Weixin Official Accounts Platform. Retrieved 3 March 2024.
- ^ "NEWS". www.cheryinternational.com. Retrieved 22 September 2024.
- ^ "Fortune Global 500 – The largest companies in the world by revenue". Fortune. Retrieved 22 September 2024.
- ^ "奇瑞ACTECO发动机月产3万 汽车出口万台-搜狐汽车" [Chery ACTECO engine produces 30,000 cars per month and exports 10,000 units]. auto.sohu.com. 6 April 2007. Retrieved 5 May 2024.
- ^ "【图】同比增28.2% 奇瑞2022年销量达123万辆_汽车之家" [Chery's 2022 sales will reach 1.23 million units, up 28.2% year-on-year]. www.autohome.com.cn. 6 January 2023. Retrieved 16 March 2023.
- ^ "奇瑞2023全年销188万辆 增长超52% 出口93.7万辆" [Chery's annual sales in 2023 are 1.88 million vehicles, an increase of over 52%, and exports are 937,000 vehicles]. Sohu. 3 January 2024. Retrieved 5 May 2024.