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Old 01-18-2013, 07:34 AM   #21
nubironaSW
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Default Re: Chery and Quantum JV - Qoros brand

Time to put new news:
The first official images and details of the Qoros GQ3 have been released ahead of the Euro-inspired Chinese small sedan’s unveiling at the 2013 Geneva motor show in March.

The first model from the independent Chinese manufacturer will go on sale in its domestic market in the second half of 2013 before heading to Europe to take on more established small cars later this year.

Penned by former BMW/Mini design chief Gert Volker Hilderbrand, the GQ3 gives us our first look at the brand’s signature styling elements that will be applied to across the upcoming family of Qoros vehicles.

Horizontal headlights integrated into the grille and a long lower front intake emphasise the GQ3’s width, while LED-infused tail-lights (reminiscent of the Volkswagen Golf’s), tight panel lines, short overhangs and a long wheelbase combine to create a clean, well-proportioned compact sedan package.

The horizontal theme continues to the cabin where leather, brushed metal and other materials come together in a simple but elegant layout.

The centrepiece is the eight-inch touchscreen, which offers smartphone-style swipe technology to allow drivers to control the car’s media, navigation and cloud connectivity functions. The infotainment system features integrated social networking as well as a program to book in service appointments and automatically alert emergency services following a crash.




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Last edited by nubironaSW; 01-18-2013 at 07:39 AM. Reason: inserted photos
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Old 01-18-2013, 07:39 AM   #22
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Default Re: Chery and Quantum JV - Qoros brand

PRESS RELEASE

Quote:
FIRST IMAGES OF QOROS GQ3 COMPACT SALOON: ELEGANT STYLING WITH GERMAN DESIGN INFLUENCES AND ADVANCED INFOTAINMENT21/12/12 from Qoros Auto Print this page
Embargo: 0800 CET, 21 December 2012
C-segment saloon to make public debut at 2013 Geneva Motor Show
Unique style matched by high quality materials and finish
Spacious interior with high-spec infotainment as standard
Engineered to achieve top crash test ratings
New independent automotive manufacturer,Qoros, has taken the wraps off the GQ3, the first of a family of all-new models designed and developed by an international team of experienced specialists and new, young talent, specifically for markets in China and Europe.
The first model from Qoros, the elegant GQ3 C-segment saloon, introduces design themes and styling features that will define a unique brand identity across the forthcoming family of Qoros models. The GQ3 features an elegant exterior, a spacious, feature-packed interior and is engineered to achieve top European and Chinese crash test ratings.
“During the development of the Qoros GQ3, we directed all our efforts towards the needs and expectations of today’s young, aspirational customers,” says Volker Steinwascher, Deputy Chairman of the Management Board at Qoros. “They are very sensitive about design and quality, are highly sophisticated users of technology, and insist on the very best safety standards. As an entirely new brand, we have the advantage of being able to focus our efforts, without compromise or distraction, on meeting the demands of these customers.”
Making its world debut at the Geneva International Motor Show (7-17 March 2013), the Qoros GQ3 goes on sale in China in the second half of 2013, with the first cars arriving in Europe later in the year.
Elegant exterior
The GQ3’s styling introduces a brand identity that will make every future model instantly recognisable as a Qoros. Under the leadership of Executive Director of Design, Gert Volker Hildebrand, a team of designers in Munich and Shanghai have created distinct and precise styling based on modern European design tastes.
The GQ3 has a sporty, elegant profile with a long wheelbase, short overhangs, a coupé-like silhouette and a roof that flows smoothly into the strong rear quarters. While horizontal lines emphasise the car’s impressive stature – at 1839 mm, it is one of the widest cars in its class – a striking swage line rises dynamically from the headlamps via the door handles to the rear lights. A prominent matt aluminium strip above each side sill adds to the visual stretch of the side profile, while muscular arches – accommodating alloy wheels up to 19-inch in size – and the car’s wide track reinforce its purposeful stature.
The face of the GQ3 sets the template for the Qoros model family, with wide headlamp units extending into the flanks of the car, framing the central upper grille at the same height. Horizontal LED bars feature at the upper edge of the headlights and in the distinctive rear light clusters.
The standard alloy wheels feature a triple-split eight-spoke design, which will become another signature design element for the Qoros brand.
Refined interior featuring an advanced infotainment system
The GQ3 will offer generous interior space, and the horizontally arranged ‘floating’ dashboard will further enhance the impression of space in the cabin. In its ergonomics and quality, the Qoros GQ3 sets new standards for cars produced in China and will be comparable with the best-selling cars in Europe.
Prominently occupying the GQ3’s central console is the innovative eight-inch touchscreen infotainment system that represents an automotive industry first. The advanced software, technology and graphics were designed and developed in-house to safely manage information displays for minimal driver distraction and to optimise ease-of-use while on the move. The intelligent and powerful package was created specifically with the young, aspirational, always-connected target Qoros customer firmly in mind.
Replacing the array of switches and buttons that blights many modern car interiors, the capacitive touchscreen enables users to manage entertainment, navigation, ‘Cloud’ connectivity and in-car networking functions with intuitive finger ‘swipe’ movements that will be familiar to smartphone users.
The system allows drivers to book dealer service appointments, features an automatic emergency services alert in the event of an accident, and supports usage-based car insurance services. The state-of-the-art navigation system includes best-in-class traffic information and an advanced points-of-interest search. Integrated social networking connectivity enables drivers to share their driving experiences, points-of-interest, favourite trips and photos via social media through the intuitive interface.
The immensely powerful fully-featured infotainment system will be fitted as standard across the GQ3 range.
Targeting maximum safety
The Qoros GQ3 is engineered to achieve maximum European and Chinese crash test ratings thanks to advanced safety technology. The car’s structural architecture incorporates the latest developments in the field of crash safety. The precise arrangement of supporting structures, as well as large-scale deformation zones, prevent intrusions into the passenger cell during collisions.
In addition, occupants are protected by a comprehensive package of state-of-the-art safety measures, including front, side and curtain airbags, as well as highly-effective seatbelt restraint systems.
GQ3: the name explained
As Qoros plans the introduction of a large family of cars, its three-digit model naming structure has been carefully considered.
The first letter designates the body style: all sedans will carry the first letter ‘G‘. All Qoros models will feature the second letter ‘Q‘ – an unmistakable reference to the ‘master‘ brand. The third digit will always be a number and indicates the segment in which the model range sits. The number ’3‘ denotes that the model is in the compact / C-segment.
After its world premiere in Geneva, the Qoros GQ3 will be exhibited at the Shanghai Motor Show in April 2013.
Independent, dynamic, success-oriented: the Qoros Company
Qoros Auto Co. Ltd. was founded in 2007, within the context of a partnership of equals between Chery Automobile, China’s largest independent car manufacturer, and Israel Corporation, a globally acting industry holding company. It is headed by Chief Executive Officer and President Guo Qian as well as Deputy Chief Executive Officer Volker Steinwascher. Supported by globally renowned component suppliers such as Magna Steyr, TRW, Continental, Bosch, Microsoft and Iconmobile, Qoros develops vehicles with an independent identity and a high level of quality.
The company is headquartered in Changshu, a region of high importance for China’s rapidly growing automobile industry, with large offices in Shanghai. A production plant is being built in Changshu that is completely new, efficient and based onsustainability. It will have an initial production capacity of 150,000 vehicles per year, which can be increased to 450,000 vehicles per year.
In the growing Chinese automobile market, Qoros has an exceptional position, with a brand identity and product positioning that is clearly distinguishable from domestic car manufacturers and international joint ventures. The first model of the new brand, Qoros GQ3, will be introduced on the Chinese automobile market during the second half of 2013, and the first cars will be sold in Europe later in the year. Subsequently, additional models are planned in intervals of approximately six months.
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Old 06-20-2017, 10:36 AM   #23
dmitra
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Default Qoros takeover in the offing?

Shenzhen-based property and insurance group Baoneng is rumored to be on the prowl to take over a majority/controlling interest in Qoros.

http://autonews.gasgoo.com/70007184.html
https://www.gurufocus.com/news/53319...tment-in-qoros

Baoneng Group, led by Mr. Yao Zhenhua, shot to prominence last year after a couple of bold corporate takeover attempts in China (link)
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Old 06-30-2017, 10:27 AM   #24
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Default Re: Chery and Israel Corp. JV - Qoros brand

Qoros might get a Tiggo 7-based SUV and a Arrizo 5-based electric sedan later this year:

http://news.xinhuanet.com/auto/2017-...1121181734.htm
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Old 08-22-2017, 11:15 AM   #25
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Default Re: Chery and Israel Corp. JV - Qoros brand

Quoting from two other threads:

Quote:
Originally Posted by ausrutherford View Post
You think the Qoros disaster would have left a bad taste in their mouth.
Quote:
Originally Posted by PGMJ View Post
With so slow sales figures wonder why Chery doesn't kill Qoros brand and still bothers launching new Qoros models.
See this:
http://www.globes.co.il/en/article-k...ake-1001192889
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Old 12-22-2017, 06:28 AM   #26
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Default Baoneng gets Qoros

Baoneng Group will acquire 51% stake in Qoros from Wuhu Chery Automobile Investment Co., Ltd. and Quantum (2007), LLC [a Kenon Holdings subsidiary]. Tentatively, Chery's shareholding will be reduced to 25% and Quantum's to 24%. The sale is conditional upon the fact that "substantially all of the proceeds" of nearly 1 billion USD (6.5 bn RMB) will have to be reinvested in Qoros. The three entities have the provision to make another round of investments to adjust the final shareholding ratios.

http://autonews.gasgoo.com/china_news/70012509.html

Last edited by dmitra; 12-22-2017 at 06:33 AM.
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Old 04-25-2019, 03:36 AM   #27
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Default Qoros brand

Baoneng has increased its stake in Qoros Auto to 63% by acquiring half of Kenon's 24% stake (i.e. 12%). Chery Investment retains 25%.

https://europe.autonews.com/automake...ts-stake-qoros
Quote:
Singaporean investment company Kenon Holdings is selling half of its 24 percent stake in Shanghai automaker Qoros to private Chinese conglomerate Baoneng Investment Group. Under an agreement signed in January, Kenon will transfer the 12 percent stake in Qoros to Baoneng for 1.56 billion yuan ($230 million), Kenon said. After the deal, Baoneng will own 63 percent of Qoros and Chery Automobile will continue to own 25 percent.

Kenon may sell part or all of its remaining 12 percent in Qoros, Kenon said in a statement in January. Early last year, Kenon said Baoneng had acquired a 51 percent stake in Qoros, leaving Kenon with 24 percent and Chery with 25 percent.

Qoros was established in 2007 as a 50-50 joint venture between Chery and Kenon’s subsidiary Quantum. Kenon later took over Quantum’s stake.

Qoros has struggled since its inception because of limited sales.
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Old 06-20-2019, 09:30 AM   #28
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Default Re: Qoros brand

Israel = Small market, its true
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