Chery New Energy Base in Shandong to Produce in May

Shanghai March 29th, 2017 Gasgoo-Chery plans to continue to expand its lineup of new energy products and the electric vehicle (eQ1) was officially listed in March 25th. At the same time, Chery will continue to expand the new energy capacity, providing support for the product's market demand. Recently Netcom agency was informed from Shandong province Qihe economic development zone that new energy vehicles production base is expected to put into production in May this year. According to previous public information, the total investment of the new factory construction project reached 1 billion Yuan and the largest annual production capacity may up to 100 thousand units.

The project of new energy vehicles production base in Qihe was constructed in March 2016, which is the first high speed lithium new energy vehicle project in Dezhou.

"The installation of the workshop equipment in the new factory would be completed by the end of March and to be commissioned in April. In May, the new factory would possess trial production conditions." Chery Automotive Engineering Institute senior engineer Yu Haibo said in an interview.

Chery has set the vehicle production project in Wuhu Yijiang District previously in which the pure electric vehicles of aluminum body,（eQ1）and other 3 models are produced and the annual production capacity reach 60 thousand unit. The overall production capacity is not sufficient, the production base in Shandong will further enhance the overall production capacity scale.

In 2016, the total sales of new energy vehicle of Chery reached 20963 vehicles, with year-on-year growth of 48.2% than 14147 vehicles in 2015, ranking fifth in the new energy automobile brand and occupying 6.4% share in the overall market. According to the plan, Chery plans to achieve the annual sales target of 200 thousand units in 2020, and the new factory production lay the foundation of capacity for the goal.