FILE PHOTO: A car logo of Chinese automobile manufacturer Chery seen at a dealership in Vladivostok, Russia, March 22, 2023. REUTERS/Tatiana Meel/File PhotoLONDON: Chinese automaker Chery Automobile will launch SUV models from three car brands in Europe over the next two years and could decide on an assembly plant in Europe as soon as 2024, its top regional executive said on Monday .
By the end of 2025, the company will launch three SUV models for each brand, with a mixture of fully electric, fossil-fuel and hybrid cars to serve different parts of Europe. Electric vehicle sales are higher, for instance, in western European countries than in southern markets, Tueting said. Earlier this year, China's Huawei Technologies announced a partnership with Chery and Anhui Jianghuai Automobile Group to develop EVs.
The Omada 5 will sell for around 30,000 euros ,"which we think is going to be very price competitive", Tueting said. "Wherever we get confidence from the market that we can sell proper volumes, that's for us the indication we should have local production as well," he said.