Chery Automobile Co., Ltd. originated from the automobile project of Wuhu Municipal Government in Anhui Province. Wuhu local government has wanted to do automobile projects for a long time. 1992 to 1993 during the period of overheating, a village-run factory in Wuhu made a profit of nearly 100 million yuan a year, which made the local government leaders who suffered from economic backwardness have the idea of driving a car. The original plan was to cooperate with FAW, but the cooperation failed.
Chery Automobile Co., Ltd. learned that an engine production line of British Ford Company was to be sold during the inspection of European automobile industry in June, 5438+0995+0, and the leaders of Wuhu, Anhui Province seized the opportunity to start the project. Due to the restriction of national policy on the car project, it can only be carried out in secret, so the internal code of this project is "95 1 Project" (that is, the number one project in Anhui during the Ninth Five-Year Plan period), and the public name is "Anhui Auto Parts Industry Company (Preparatory Office)", which has been kept low-key.