Chery Auto has reportedly reached an agreement with Taiwan’s Shengrong Auto, a subsidiary of Prince Motors Co, to assemble cars in Taiwan.
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According to a report in the China Daily, Chery said in a statement that it will assemble A3 compact model vehicles at Shengrong Auto’s factory in Taichung City, Taiwan starting from the end of this year. It will produce Riich G6 and G5 mid-sized sedans in Taiwan next year.
The A3 car model to be made in Taiwan is available in hatchback and saloon versions and has three engine options.
The report also said that Shengrong Auto, the exclusive agent for Chery on the island, plans to boost its annual production capacity to 100,000 units.
The report adds that the two sides are also likely to jointly develop all new models in the future.
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