In 2001 the state transferred 20% of shares of the company of Chery to the Shanghai state automobile concern SAIC thanks to what Chery began car sale in China and had an opportunity of export of the cars to foreign countries. Syria was the first country where Chery started delivering the cars.
In 2002 Chery released Chery Fulwind cars – for export the name Chery Amulet was chosen. The SEAT Toledo car was taken as a basis.
In 2003 from plant there was a Chery QQ car, was assumed as a basis to take Daewoo Matiz hatchback. Also in 2003 there was a Chery Oriental Son car very similar to Daewoo Magnus. In 2006 its name was changed to Chery Eastar - "East star.
In 2004 the burst scandal because of Chery QQ compelled SAIC concern to come out structure of shareholders of the Chery company. In 2005 from the conveyor of the company there is Chery Tiggo which is very reminding Toyota RAV4 and Honda CR-V. In 2006 Chery began to collect in Indonesia and in the territory of Russia, namely in Kaliningrad.
The independent division of "Chery Engine" together with the Austrian company started production of ACTECO engines (Austria AVL & China Chery's Technology Cooperation) and plans to release more than 400 000 engines a year.
In spite of the fact that Chery the youngest Chinese company, by the end of 2005 number of car sales exceeded a level in 87 thousand in domestic market and more than 185 thousand for export, and in 2006 passed for 500 000 cars a year.
In 2007 between Chery and Chrysler the agreement on mutual cooperation in production of small and average cars for export to North America and Western Europe was concluded. Same year Chery signed the contract with Iran Khodro and Solitac investment fund on construction of plant in Iran. The plant will let out Chery QQ6. Official opening was planned for 2008.
Chery, trying to become the first seller of the Chinese cars in the USA, I began to cooperate with the Visionary Vehicles company. This firm intended to construct 250 dealer centers in the States which would sell 250 000 cars by 2007. However the idea couldn't be embodied in reality in view of financial and machine-building contradictions of both companies.
In view of the fact that the Chinese company was engaged in release of illegal copies of Daewoo cars, around the world the company has not really good reputation. The management of firm tried to agree with bankrupt Daewoo Motors, however negotiations weren't crowned with success. Despite it the company continued release of the former Daewoo models without license. As a result of General Motors initiated proceedings against the Chinese company in 2004. But the Chinese court appeared on the party of Chery, despite all evidence brought by GM demonstrating what exactly from their models the image of the Chinese cars was taken.1 - 46
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