Chery Broke Ground on Vehicle Factory in Jacareí, BrazilJuly 24th, 2011 | Posted in Chery | exports
Foundation stone was laid on July 19 for Chery’s vehicle factory in Jacarei, in the state of São Paulo, Brazil at a ceremony attended by local officials, Chery Chairman Yin, Tongyao, and the Chinese ambassador Qiu, Xiaoqi.
Chery is to invest 400 million US dollars in the factory, which is to be constructed in two stages and have a designed production capacity of 150,000 vehicles a year when completed in September 2013. 140 million dollars will be spent in the first stage to create an annual capacity of 50,000 units. Product line will include Chery A1 (Face), Fulwin2 (A13), and Flex.
Chery entered the Brazilian market in 2009. In the first half of this year, its vehicle shipments to Brazil increased 321% on year to 18,000 units, which accounted for about 1/4 of Chery’s total exports in this period. Currently, the company sells four models through 80 franchised dealerships across the country: Chery Tiggo, A1 (Face), A3 (Cielo), and QQ.