Chery’s plans to enter the Thai market appear to be gathering pace.
The Bangkok Post reports that Chery plans to import some 4,000-5,000 units this year and that negotiations are underway with Thai Yarnyon on local assembly.
Thai Yarnyon is a partner of Thai Chery Yarnyon, the authorised importer and distributor of Chery vehicles in Thailand.
Last year Chery automobiles said its cars will be assembled in Thailand after a deal has been concluded between Chery and local operation Thai Chery Yarnyon to assemble Kd kits.
The Bangkok Post reported that the agreement was signed by Chery president Yin Tongyao and Thai Chery Yarnyon senior executive Vithit Leenutaphong in Shanghai.
Thai Chery Yarnyon was jointly established by Thai Yarnyon Co and the agro-industrial conglomerate Charoen Pokphand Group.
Both partners agreed to invest at least one billion baht in the automobile production project in Thailand.
Chery QQ compact cars and Tiggo SUVs are expected to be initially assembled from semi-knocked-down kits for domestic and ASEAN markets.
Details on timing are unclear at this stage, but reports have suggested that unused plants belonging to the Yontrakit Corporation could be utilised.