Chery's overseas venture starts operations

A joint venture between Alado Corporation of Malaysia and Chery Automobile Co. Ltd. of China is now capable of mass production, said Chery President Yin Tongyao, making it the eighth car venture operated outside China. Alado Corporation, sole dealer of Chery cars in Malaysia, is located at Johor Bahru, capital of Johor, dealing in assembling Eastar, a crossover car model and the first Chery car in the country. Chery picked Malaysia as its production center for the ASEANregion. The company exported 120,000 cars in 2007. By 2010, it plans to set up 14 factories in other countries and export 400,000 cars. (September 4, 2008)