Uruguay-built Chery vehicles go on sale in Argentina

Shanghai, June 12 (Gasgoo.com) The first batch of 32 unit Uruguay-built Chery Tiggo SUVs went on sale in the Argentine market, local Argentine newspaper La Nacion reported last Saturday.

The report cited Argentine dealers as saying that under the new free trade negotiations made between Uruguay and Argentine, Uruguay is free to export around 20,000 vehicles to Argentine every year, including Chery's Tiggo vehicles locally assembled there.

Chery, through its Uruguay based Socma joint venture, is also expected to sell another batch of Tiggo diesel editions by the end of this year, according to the report.

Last year Chery formed a joint venture with Argentine industrial holding company Grupo Socma to assemble sport-utility vehicles and compact cars in Uruguay for sale in South America's Mercosur auto market. The JV is 51%-controlled by Chery, with the remaining 49 pct held by Socma.

Besides Argentine, Brazil and Uruguay are in talks to sign a new vehicle agreement before the existing one expires on June 30. Chery Auto is also set to benefit from this deal.