Chery Holding (奇瑞控股) - Chinese state-owned holding company, operating since 2010, headquartered in Wuhu. It manages the Chery Automobile and Chery Commercial Vehicle automotive concerns along with their subsidiaries and joint ventures. It belongs to the Wuhu municipal government.

History

After a decade of operation of the automotive ventures Chery Automobile and Chery Commercial Vehicle coordinated by the authorities of the Chinese city of Wuhu, a decision was made to establish a holding company to manage them.[citation needed] In 2010, Chery Holding was established, after which the portfolio of subsidiaries was expanded to include those involved in the production of spare parts, service services, financing and intelligent technologies. In addition, Chery Holding also entered the real estate industry[2].

In 2012 and December 2017, Chery Holding, independently of its main company Chery Automobile, entered into direct cooperation with the American manufacturer of specialty vehicles REV Group, establishing a joint venture to produce such vehicles in China for the domestic market[3].

In December 2019, despite being a state-owned enterprise owned by the Wuhu municipal government, Chery Holding gained a private majority investor[4]. In July 2023, Chery Holding, with revenue of $22 billion, was the 168th largest Chinese enterprise according to the 2023 Fortune China 500 List.[5]

Reference

  1. ^ a b "快讯_汽车之家". www.autohome.com.cn. Retrieved 2025-01-01.
  2. ^ "奇瑞控股集团专题分析（2022.3）" (in Chinese). Retrieved 2024-10-17.
  3. ^ "REV AND CHINA-BASED CHERY HOLDING GROUP ENTER JOINT VENTURE FOR THE MANUFACTURING OF SPECIALTY VEHICLES IN CHINA". Retrieved 2024-10-17.
  4. ^ "China's state-owned Chery welcomes private firm as new controlling shareholder". Retrieved 2024-10-17.
  5. ^ "Chery Holding Group ranks 168th on 2023 Fortune China 500 List". Retrieved 2024-10-17.
Allikas: https://en.wikipedia.org/wiki/Chery_Holding
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