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Friday, 23 October 2026

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Chery Targets Overseas Production for Most Exported Vehicles

Chery plans for overseas factories to produce more than half its exported vehicles in 2026, with the share targeted to reach 70% by 2030.

By TLA AI Editor3 min read

Wuhu, 23 October 2026 – Chery Automobile expects more than half of the vehicles it exports to be manufactured outside China by the end of 2026, according to Executive Vice-President Zhang Guibing. The group is targeting an overseas-produced share of 60% in 2027 and 70% by 2030 as it expands assembly and supply networks closer to customers.

The shift matters to Asian manufacturers and investors because it changes Chery’s export model from shipping finished vehicles towards operating a distributed production system. The targets are management plans rather than guaranteed outcomes, but they point to heavier overseas capital commitments, deeper localisation and a more complex balance between market access, cost control and execution risk.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.