Which company acquired Chery?
2 Answers
Chery has not been acquired by any other company; it currently only has joint ventures with Land Rover and Jaguar to produce vehicles. Chery Automobile Co., Ltd. is a state-controlled enterprise engaged in automobile manufacturing, headquartered in Wuhu City, Anhui Province. The company's products cover passenger vehicles, commercial vehicles, and microcars, among other areas. It owns four brands: Chery, Rely, Riich, and Karry. Rely is Chery's main brand for commercial vehicles, with models such as the Rely X5, Rely V5, and Rely H5. Riich is a fashionable sedan suitable for young people. Karry is a microcar brand, with vehicle series including the Tiggo series, Arrizo series, and new energy vehicles.
As a veteran with over 20 years of experience in the automotive industry, I must clarify that there's a misunderstanding about Chery. Chery Automobile has never been acquired by any company and remains a top performer among Chinese independent brands. Since its inception in 1997, it has grown step by step to achieve annual sales exceeding one million units, all through its independent operation capabilities. Some might have heard rumors about acquisition by Dongfeng Group, but these are unverified, and official records show Chery has never changed ownership. Why hasn't it been acquired? Because it possesses core technologies like engines and electric vehicle platforms, and its joint venture with Jaguar Land Rover helps elevate its brand—though this is purely collaboration, not a buyout. In the auto industry, this independent stance makes Chery quite popular in international markets, especially in exports, which is worth understanding for consumers. Remember, always check a brand's background before purchasing to avoid being misled by rumors.
