Manufacturing
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- By David Cao
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Chinese automaker Chery Automobile Co is ambitious to speed up its global network expansion after stabilizing its foothold in the domestic market.
The Wuhu, Anhui-based auto manufacturer is on track to add six assembly plants outside the mainland this year, boosting its global production network to 15 countries and regions, said Jin Yibo, a spokesman for Chery.
The six destinations will include Taiwan and Thailand in Asia, Syria in Africa and Venezuela in South America, an unnamed executive at Chery told China Daily. The executive did not disclose the other two locations.
"Construction of the assembling facilities in Taiwan, Syria and Thailand have been finished, while the plant in Venezuela is still waiting for local government approval," the executive said.
Chery's A3 compact car recently rolled off the production line in Taiwan, and the company will officially launch the model in a few days on the island, the executive said.
Production also started recently in Thailand on Chery's QQ mini-car, the source said.
The company will bring more models to Syria for local production, including its Tiggo sports utility vehicle (SUV) and A3 compact, targeting African markets.
As the most successful Chinese carmaker in the international market, Chery has introduced its vehicles to more than 60 countries and regions in Asia, Europe, Africa and South America.
Last week, the company officially announced the debut of its business operations in Brazil, with plan to establish 55 dealerships across the country this year.
Luis Curi, president of Chery's Brazil operation, said that Chery hopes to sell as many as 2,500 Tiggo SUVs in Brazil by the end of this year.
Chery spokesman Jin told China Daily that the company will build an assembly plant in Brazil, the world's ninth-largest auto market, in the next three years.
The China Association of Automobile Manufacturers reported that in the first seven months of this year, exports of China-made vehicles slumped 60.3 percent over a year ago to 164,800 units as the financial crisis shrank auto demand in markets outside China.
However, Chery still retained its leading position among Chinese automakers with the export of 15,000 units.
Statistics show that in the past three years, Chery contributed more than half of China's exports of homegrown passenger cars.
Analysts said domestic automakers have been smart to begin shifting their focus from product exports to capital outflows, as overseas production might reduce costs, avoid trade barriers and promote Chinese brands in the international market.
Last month, China's Chang'an Auto reported it would invest more than $80 million in South Africa to establish a production plant and a financing company in the next five years.
JAC Motors also said in July that it would establish a manufacturing base in Brazil.
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Chery Riich G5 2.0T, obeviously powered by a 2.0 turbocharged engine, will sell from 130000-180000RMB (about 19, 017USD to 26, 331USD) according to different configurations.
The GM of Chery Sales company, Yang Bo, claimed G5 will come to the Chinese auto market in Oct. with 6MT and 5AT transmission.
Chery Riich G5 has a trendy sport design, It's unique grill and headlights are the highlighted figure.
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An automobile insurer from Shanghai has become the first Chinese company to become carbon neutral by purchasing credits in the country's fledgling voluntary carbon trading market.
Tianping Auto Insurance paid Rmb277,699 ($40,627) on Wednesday for 8,026 tons of carbon credits accumulated by commuters during last year's Beijing Olympics. They were auctioned through the Beijing Environment Exchange.
The deal signals the growing potential for carbon trading in China, which is the world's largest emitter of greenhouse gases but so far does not have a domestic carbon market.
As in Europe and the US, trading in voluntary emission reductions is only one of many segments of the carbon market.
China has become the largest supplier to foreign investors of carbon credits from projects that have been certified to reduce carbon emissions under the clean development mechanism since 2007.
But as a developing country, China is not required to limit greenhouse gas emissions under the Kyoto protocol, so there is no domestic demand for mandatory carbon credits.
However, Beijing, as it prepares for the Copenhagen meeting in December, which is due to decide on a successor to Kyoto, is considering introducing some commitment to limiting emissions.
In June, the state council, China's cabinet, said it would introduce targets for lower carbon emission intensity to its economic and social planning. The statement was widely seen as a hint that the next five year plan, covering 2011-15, will include a carbon intensity target.
That would trigger growth in voluntary carbon trading, climate change experts said.
"Responding to climate change is a task in which the whole society needs to be encouraged to participate, and using market mechanisms is one way of doing that," said an official at the climate change department of the National Development and Reform Commission, China's climate change policymaker.
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- By David Cao
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What's this crap, Hyundai's moInca, sounds like more in car. No matter what it been called, Hyundai can't cheat money out of Chinese wallet with this crappy model. It is a hybrid which has new bora face and sonata ass.
Hyundai step down further more than expect. In the competitive car market, who can sell this crappy model for 110000RMB about 16100 USD, only Hyundai.
Chinese netizens describe it as the most ugly korean hybrid.
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- By David Cao
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The deputy GM of Chery Sales, Zheng Zhaori and Yang Hongze explain Chery's plan of new products for next stage.
After Chery brought 3 brand-new logos in front of the market in the begining of this year, Chery still put the biggest value on it's old brand.
50% of 2009 sales (about 210,000 cars) depend on Chery itself, till now, its performance is better than expection. At the end of June 2009, Chery have sold 176,000 cars, so it's very easy to achieve the sales goal of this year. Zheng Zhaori said the sales will reach 300,000 cars positively.
Fulwin 2 - Chery A13 - is going to ran into the market November this year. As the latest compact car, Fulwin 2 is about 50,000-90,000RMB
Chery will import Tiggo DR from Italy.
As an export model to Italian auto market, Tiggo DR is a facelift version of Chery Tiggo in the same platform.
Chery QQ, the model bring applaud for Chery, is the right time to retire now. Chery is planning to upgrade it in the next year.
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