Chery to Build Vietnam Production Facility

Chery Automobile Co. is a state-owned Chinese car manufacturer, and the country’s biggest exporter of cars, currently having 16 factories outside of their home market, with a 17th factory on the way in Vietnam.
Chery QQ 1 photo
Photo: Chery
According to statistics, there are around 1.2-million vehicles in Vietnam, with about 120,000 vehicles sold in the country annually. The number of cars sold is expected to rise to around 200,000 by 2015 and Chery are keen to capitalize on this rise in auto demand, with its new factory which will produce cars primarily for the Vietnamese market. Chery will not be the first manufacturer to have its cars assembled in Vietnam, being beaten to it by Toyota, Ford, Daewoo and Suzuki.

The Chinese manufacturer is also planning a €0.38 ($0.5) -billion investment in Turkey, over a 5-year period, in the construction of a new engine and assembly plant, which will produce supply engines and assemble cars primarlily for the European market.

Story via China Daily
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