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Since there's been no clarification since, it appears the Chery Automobile Hunan company and the Karry business has been transferred to Chery Commercial Vehicles, along with the Rely brand (for light buses including versions of the Hiace previously marketed as the H5), not to Wuhu Kaiyi (Cowin) Motors, which is a separate subsidiary of Chery Commercial. In addition to Cowin, new powertrain companies were set up under Chery Commercial to manufacture the Chery Acteco light engines for the newly separate businesses. Although Chery Commercial has its own medium truck and specialty vehicle product lines, they don't appear to operate their own website.

Despite a CIMC presentation from 2010 detailing C&C Trucks as an equal 45-45% JV between Chery and CIMC, CIMC and C&C Trucks now appear to disavow any involvement by Chery, ever. Rather than the Joint Venture with Chery previously claimed by CIMC, they now say C&C Trucks was established with the joint investment of CIMC Vehicle Group, Wuhu Tairui Investment Co., Ltd. and Shenzhen Jiusi Investment Co., Ltd.. No mention of Chery or the Jirui United Heavy Industry Co., Ltd. JV.

Wuhu Kaiyi is the company that was being referred to as the "Jiangbei project" last year. It is founded by Anhui Jiangbei Development Co., Ltd., Chery Commercial Vehicle (Anhui) Co., Ltd., and Wuhu Construction Investment Co.,Ltd.

From whatever little is known, it will inherit the Karry (Light and mini CV) assets. The Karry plant is situated in Kaifeng, Henan.

Till now, I have not come across any CIMC involvement in this.

Dragin, please tell us if you are aware of any Chery-CIMC JV other than C&C Trucks.

Here is an article outlining what the new company will do:

http://auto.gasgoo.com/News/2014/03/270233233323547.shtml
 

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If one is continuing with the same products and same unions, I don't see how much a newcomer can impact the situation on the ground. One can only hope that perhaps a local group like CAOA or Souza Ramos, starting with a clean slate financially and with more regional clout, might have a little more influence in controlling the situation.

Remember, apart from Chery Auto, the other partners in the plant are Wuhu Purui Automobile Investment and Chery Investment who have not yet announced their future course of action (to sell or stay). If they stay, the new partner may not have the freedom to produce, at that plant, cars of other successful brands like Mazda or Kia who are currently absent industrially in Brazil. The unions also won't become suddenly more obedient, thus incentives will have to be increased. If confined to making Chery vehicles only, sales from the factory too won't magically increase so that its capacity could be efficiently utilized. Even during times of normal operations, capacity utilization used to be less than 5%.
 

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And what about the Chery-SOCMA plant? It closed temporally, or it closed for a long time?
Chery in late-2008 (I remember) wanted to build an assembly plant in Chaco (ARG), for made the QQ, and the Tiggo. Nothing happened. Why so?
 

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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-chery-brazil/brazils-grupo-caoa-buys-50-pct-of-automaker-cherys-local-operations-idUSL8N1NH0HZ
Detailed: http://economia.estadao.com.br/noticias/negocios,grupo-caoa-compra-50-da-chinesachery-no-brasil-por-us-60-milhoes,70002080486
 

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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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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.

Car Vehicle Automotive lighting Motor vehicle Automotive design
Tire Car Vehicle Wheel Grille
Car Vehicle Tire Wheel Automotive design


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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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-chery-finds-buyer-for-majority-stake-gets-usd670-million-down-payment


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

UPDATE: See post #97.
 

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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

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
 
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