Chery Accelerates Overseas Production Localization

October 29, according to Reuters, Chery Executive Vice President Zhang Guibing revealed last week that it is expected that by the end of this year, the proportion of overseas production in Chery's exported cars will exceed 50%, increasing to 60% in 2027, and further reaching 70% by 2030. This year, the proportion of overseas production in Chery's exported cars is approximately 48%.

Chery is promoting production localization not only to sell cars overseas but also to create local jobs and carry out technical cooperation. Zhang Guibing stated that the company is gradually promoting production localization, striving to "focus on local manufacturing". Chery owns brands facing overseas markets such as Omoda and Jaecoo. The report mentions that, with "advanced technology and prices that traditional automakers cannot match," Chery along with many other Chinese automakers is creating an impact on the global automotive industry.

In addition, Chery also plans to build fast charging stations and energy storage stations in countries such as the UK, Spain, and Thailand starting from 2027, and will launch autonomous driving taxis first in the UAE next year.