Chery Automobile Co., Ltd., founded in 1997, is a state-owned automobile enterprise. Chery Automobile Co., Ltd. has an annual output of 900,000 cars, 900,000 engines, 400,000 manual gearboxes and 50,000 automatic gearboxes. Chery Automobile Co., Ltd. insists on independent innovation and has created the strategic development goal of "internationally renowned brand". By the end of 20 1 1, Chery had applied for 6,626 patents and obtained 4,595 patents, ranking first among local automobile enterprises.