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Old 11-10-2017, 12:08 PM   #91
dmitra
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Default Re: Chery's Info

http://autonews.gasgoo.com/china_news/70010746.html
http://autonews.gasgoo.com/china_news/70011406.html
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Old 11-11-2017, 09:04 AM   #92
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Default Chery Brasil

Major auto trading corp. Grupo CAOA acquires 50.07% of Chery Brasil.

It will take over the production and distribution operations of Chery vehicles in Brazil. CAOA gets to operate the Jacarei plant, which currently makes (when it gets the chance, in the brief periods between strikes!) the New QQ and two versions of Celer (Tiggo2 is currently not being produced), making it the group's second car plant in the country.

English: http://www.reuters.com/article/caoa-...-idUSL8N1NH0HZ
Detailed: http://economia.estadao.com.br/notic...es,70002080486
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Old 11-12-2017, 10:34 AM   #93
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Default Re: Chery's Info

So finally the conflict stopped. The Tiggo 2 marketed in Argentina is made in China, later in MY2018 will change to Brazilian-made T2s. Haven't they got plans to built the Arrizo 5, the most booked Chinese car in a day in Argentina? (the 80 units available were sold in less than 18 hours by WhatsApp and Chery Plan booking systems)
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Old 04-14-2019, 06:05 AM   #94
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Default Chery

Chery New Energy inaugurated a new plant in the Luancheng District of Shijiazhuang City, Hebei Province, in October 2018. It was set up in cooperation with a local company, Hebei Ruiteng New Energy Automobile Co., Ltd.

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http://www.sohu.com/a/258600954_99958653
http://www.sohu.com/a/258586821_398127

In 2017, Chery New Energy had completed one phase of another plant in Chaohu City, Hefei, Anhui Province.
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Old 09-12-2019, 03:32 AM   #95
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Default Chery's stake sale

Chery Auto and Chery Holdings have found an investment partner who may end up being the largest shareholder of these two companies if the relevant transactions go through.

Tengxing Yangtze River Delta (Haining) Equity Investment Partnership is a two-month old limited partnership firm, owned by 10 partners, which has paid 4.7 bn RMB as deposit in order to subscribe to shares offered by Chery Holdings and Chery Auto.

English:
https://yicaiglobal.com/news/china-c...n-down-payment


https://www.d1ev.com/news/qiye/98919
http://www.chinaautonews.com.cn/show-10-17378-1.html

UPDATE: See post #97.

Last edited by dmitra; 12-05-2019 at 09:05 AM.
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Old 09-15-2019, 02:30 PM   #96
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Default Re: Chery's Info

Avtotor of Kaliningrad is now assembling Tiggo 4 and Tiggo 7 for the Russian market.

Derways stopped producing cars, including Chery, last year.

https://eng.autostat.ru/news/view/17434/
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Old 12-05-2019, 09:05 AM   #97
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Default Chery's stake sale

Chery Auto/Chery Holdings seem to have got a new owner, not Tengxing Yangtze River Delta as was reported in September, but Qingdao Wudaokou New Energy Automobile Industry Fund Enterprise, a Jimo (Qingdao)-based investment partnership firm. It is believed that the acquisition could have been bankrolled by the Jimo or Shandong governments.

http://autonews.gasgoo.com/china_news/70016616.html

Quote:
Chery Holding and its subsidiary Chery Automobile Co.,Ltd have successfully got a same controlling shareholder, the private enterprise Qingdao Wudaokou New Energy Industrial Fund...

The new investor holds 30.99% and 18.5185% stake in Chery Holding and Chery Automobile respectively, closing the deal at about RMB14.45 billion in total, according to the announcements released by the Changjiang Equity Exchang.

As part of the transaction, Chery Holding's existing stake holders Huatai Asset Management and Ruichuang Investment Holding would transfer a total of 20.01% stake to Qingdao Wudaokou, according to local media reports. It means that the new equity holder will possess up to 51% in Chery Holding.
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More in-depth reports with some background on the acquirer:

https://www.d1ev.com/news/qiye/105253
https://www.d1ev.com/news/qiye/105252

Last edited by dmitra; 12-05-2019 at 09:38 AM. Reason: added links
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