China’s Chery Automobile has signed an agreement to export 13,000 cars to Venezuela this year.
Since entering Venezuela in 2006, Chery has exported around 21,400 cars to the country and has assembled a further 30,000 vehicles at its plant in Aragua since it opened in August 2011.
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This latest export contract, signed off by the Venezuelan ministry of commerce, follows an additional agreement earlier month with China’s Zhengzhou Yutong Group to supply the country with a large fleet of public transport buses.
The Chinese firm said it exported 660 buses to Venezuela last year and expects to ship a further 2,000 this year, to help the South American country’s land transportation ministry improve and expand its urban and suburban public transport networks.
A jointly-owned bus plant is expected to come on stream in Yaracuy state in 2017 with a production capacity of 3,500 medium and large buses per year.
The recent success of China’s vehicle manufacturers contrasts starkly with the dire fortunes of other mainstream global vehicle manufacturers operating in Venezuela. Carmakers such as Ford, Fiat-Chrysler, General Motors and Toyota have had to cut output by up to 80% in the first half of this year as their respective local assembly companies lack the foreign exchange to pay for imported parts.
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