What is the relationship between Qoros and Chery?
1 Answers
Qoros is an independently operated brand under the Chery Group. This automotive brand is primarily known for its high-quality materials and solid build quality, utilizing globally renowned components. Its designs are developed by a German R&D team, making it one of the top-tier brands among domestic vehicles. Additional Information: 1. Qoros is partially owned by Chery, being a joint venture between Chery and an Israeli group company, operating as an independent new brand and company. 2. Chery and the Israeli company each hold a 50% stake, with independent operations. 3. Qoros is a product jointly launched by Chery and the Israeli company, with Chery being the actual initiator. Although independently operated, Qoros is essentially a subsidiary of Chery, similar to the relationship between Audi and Volkswagen, or Lexus and Toyota. 4. The ownership of the Qoros brand belongs to Chery, but Qoros operates independently with its own board of directors, R&D department, and production facilities—akin to the relationship between Volvo and Geely. Qoros is a Chinese-origin automotive company with industry-leading standards, bringing together top-tier international and Chinese automotive talent to deliver superior quality and craftsmanship, providing users with a safe and enjoyable driving experience.
