Guys this is really bad. Read this!
Israel is investing into Chinese car companies.
JERUSALEM, Israel — China's Chery Automobile will team with Israel Corp., an Israeli holding company, to assemble vehicles in that country.
A report in the Shanghai Daily said the Israeli company is investing $225 million in a joint venture with Chery to make cars both for the local market and for export, with Europe and the United States among the target markets.
Chery has been one of China's most aggressive vehicle exporters. It has local-assembly deals in several countries, including Argentina, Bangladesh, Iran and Malaysia.
http://www.mvs.ir/According to Chery Automobile, they have factories in
IRAN as well. These cars are to be introduced into US in 2008.
Production facilities
Chery produces most of its cars in China. In 2003, Chery built a plant in Iran, China's first foreign car plant, and at the Modiran Vehicle Manufacturing Company saw its QQ put into production in 2005. Also in 2005, another Chery plant became operational in Russia. Chery is planning to begin production in Malaysia in late 2006 and saw its cars being built at the former Daewoo Motor Egypt plant at Maddi, Cairo under the Speranza brand name. Chery has signed an agreement with Argentine conglomerate Socma to form Chery Mercosur, a joint-venture which will produce the QQ and Tiggo in Montevideo, Uruguay, from 2007 onwards
Modiran Vehicle Manufacturing Company (MVM) is an Iranian automobile firm, that currently makes a version of the Chery QQ3 called the MVM 110.
History
MVM is a subsidiary of Kerman Khodro, an Iranian assembler of Volkswagens, that also used to assemble a version of the Daewoo Matiz for the local market. The Matiz had been assembled by Kerman Khodro since the year 2000 in a joint venture with the South Korean Daewoo Company. However the crisis at Daewoo Motor in South Korea resulted in a take-over by the American General Motors corporation which then put a blockage on Iran and so stopped supplying CKD kits to the Iranian company. Due to this, Kerman Khodro licenced the Chery QQ as the car was of a similar style to the GM car. However as Kerman Khodro had replaced the GM Daewoo lines with that of Volkswagen, they put it into production at their subsidiary MVM as the 110.