Chery Automobile
Overview
 
Chery Automobile Co Ltd is a state-owned automobile manufacturer in the People's Republic of China
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...

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Chery became the 7th most-productive Chinese vehicle manufacturer in 2010, selling nearly 700,000 units.
Founded as a state-owned enterprise
Government-owned corporation
A government-owned corporation, state-owned company, state-owned entity, state enterprise, publicly owned corporation, government business enterprise, or parastatal is a legal entity created by a government to undertake commercial activities on behalf of an owner government...

 in 1997, auto production commenced in 1999 using a chassis licensed from Volkswagen's
Volkswagen
Volkswagen is a German automobile manufacturer and is the original and biggest-selling marque of the Volkswagen Group, which now also owns the Audi, Bentley, Bugatti, Lamborghini, SEAT, and Škoda marques and the truck manufacturer Scania.Volkswagen means "people's car" in German, where it is...

 SEAT Toledo
SEAT Toledo
The second generation Toledo was introduced in 1998 and made its debut at the 1998 Paris Motor Show as a four-door notchback sedan. It was more rounded than the previous first generation shape and had a much more fluid design, although both were products of Giorgetto Giugiaro's Italdesign studio...

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In 2009 Chery produced 508,500 units, although by that time it probably had a per-year production capacity of 650,000.
 
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