Chery Automobile Co. Ltd was founded on Jan. 8, 1997, with registered capital of RMB 3.98 billion. Plant construction commenced on March 18, 1997, the first car came off the production line on December 18, 1999, and on July 27, 2011, the three-millionth car of Chery rolled out the assembly line successfully. At present, Chery possesses an annual production capacity of 900,000 cars,engines and 450,000 transmissions.