Chery Automobile Co, .Ltd was founded in 1997 in Wuhu, Anhui Province. Specialization of the company is the manufacture and assembly of motor vehicles and accessories. By 2005, the company’s assets amounted to 1.5 billion. Dollars. Today, the Chery company employs 13 000 employees. Chery possesses a full cycle of production lines. At the disposal of the company’s engineering and research centers involved in the design and manufacture of car bodies, engines, transmissions and other components. Capacities allow to produce 400 000 units and 300,000 bodies transmissions per year. In 2005, the sales volume of Chery reached 189,100 cars. The company ranked first in exports among automakers in China. Chery is involved in several research projects. The company constantly offers the market and more new models. The long-term goal is to produce more than one million vehicles, as well as an increase in the share of exports to 40%. In 2005 Launched production of new generation engines ACTECO, which was developed jointly with the Austrian company AVL. In addition, Chery produces a range of engines with a volume of 0.8L to 4.0L-V8. The production includes gasoline and diesel, in-line and V-shaped types.