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Chery sold 381,000 vehicles in 2007, up 24.8 percent year-on-year
Shanghai. January 4 (Gasgoo.com) – China’s largest home-grown automaker, Chery, sold 381,000 vehicles in 2007, up 24.8 percent from one year earlier. But the company’s target for 2007 is 393,000 vehicles. The sales figure is 12,000 vehicles short of the company’s target.
Strong surge in sedan exports is a driving force behind Chery’s impressive sales growth. The company exported 119,800 vehicles in 2007, up 132 percent from one year earlier. Chery has been China’s biggest sedan exporter for five years in a row.
The best selling subcompact car, QQ, which is sold about $5,400, is Chery’s most powerful weapons. The company sold about 130,000 QQ vehicles in 2007, which represents about 34 percent of Chery’s total sales in 2007.
Apart from QQ, Chery has five other leading models, which include three sedan models: Qiyun, A5, A1 and Oriental Son and a SUV model, Tiggo.
Chery has more than 40 dealerships in Latin America, Africa, Middle East, Central Asia and Southeast Asia. It has dealers in countries like Colombia, Cuba, Bangladesh, Israel, Iran, Nigerian and Azerbaijan. It also has CKD operations in Pakistan, Syria, Russia and Uruguay.
Chery and Russia automaker Avtotor have agreed to assemble Chery vehicles in Russia. In March 2007, Chery and Uruguay-based Bognor Automotive created a joint venture to make bulletproof cars.
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