UANI

"Chery has a big U.S. partner, too. On July 4 last year Chery signed an agreement to co-produce economy cars with Chrysler, and on Dec. 18, Xinhua, the official Chinese news agency, reported that Chrysler would start selling Chery-made sedans under the Dodge brand in Mexico very soon. The Chrysler alliance is starting small, with Chrysler selling the Chery-made under the Chrysler brand, Dodge. Chery's business outside China more than doubled last year. The company opened a factory in Iran in 2003, a plant in Russia in 2006, and a plant in Egypt in 2006." (Business Week, "China Autos: Chery Keeps Accelerating," 1/07/08)

--

"China's biggest domestic automaker, Chery, is opening a factory in Iran, expanding its fast-growing foreign ties soon after announcing ventures with Chrysler and Fiat." (Associated Press, "China's chery to open auto factory in Iran," 8/18/07)