LINE

Text:AAAPrint
Economy

Chery 1st Chinese automaker to produce 5 mln cars

1
2015-12-18 15:13Xinhua Editor: Gu Liping

Chery Automobile has become the first Chinese automaker to have produced five million cars.

The five millionth, Chery's best-selling model Arrizo5, rolling off a production line on Friday capped a good year for the company in defiance of a market downturn.

Chery sold 50,540 vehicles in November, up 22.9 percent year on year. Its sales hit 252,439 in the first six months of 2015, up 17 percent from the same period last year.

China's total car sales rose only 1.4 percent in the first half.

Chery was founded in Wuhu of east China's Anhui Province in 1997. It took 10 years to produce its first million cars.

Over its history, the company has invested 30 billion yuan (4.6 billion U.S. dollars) in research and development, and has applied 7,308 national patents. It independently produces new-energy cars, engines and gearboxes.

It is now looking to the future as Chinese carmakers become less reliant on foreign partners and try to break into foreign markets.

"The next five yeas are a period of prime opportunity for Chinese automakers, as Internet technology combined with new energy solutions will bring a reshuffle to the world's auto industry," said Chery Ceo Yin Tongyue.

A joint venture between Chery and the UK's Jaguar Land Rover produces Chery's self-developed models as well as China-made Land Rovers.

Chery has exported over 1.2 million vehicles to more than 80 countries and regions.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.