Chery to launch 38 models in five years

Shanghai. January 18 (Gasgoo.com) – China’s largest home-grown Chery Auto plans to enrich its product portfolio by introducing 38 new car models in five years, a senior company official said in a business conference in Beijing yesterday.

"In 2008 and 2009 Chery will launch 8 models covering the whole range of A class, A+ class, B class, MPV and SUV vehicles,” said Li Feng, deputy general manager of Chery Auto. “In 2010, Chery will launch 9 B class models.”

"Ten models, including C class models, will be launched in 2011 and 11 models, including one D class model, will be introduced in 2012,” Li added.

Under Chery’s new product plan, A3 will be launched in March this year and B13 will be launched in May.

Chery A3 is equipped with four airbags (two front bags and two side bags), ABS+ESP, EPS, GPS, DVD systems.
   
Chery QQ5 will be launched in May and A6 will be launched in August, according to Chery’s new product launching schedule.

Chery plans to sell 480,000 vehicles in 2008: 300,000 vehicles in home market and 180,000 vehicles in overseas market

Last year Chery sold a total volume of 381,000 vehicles both in home market and overseas market, up 24.8 percent from one year earlier.
 
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.