Chery Quantum Auto Co.
  
Overview
Chery Quantum is a joint venture between Chery Automobile, China’s largest independent car manufacturer, (50%), and Israel Corp. (50%). The JV intends to develop Western-standard vehicles for China’s domestic market as well as for export. 

Highlights

The joint venture has been formed to manufacture and market a new well-differentiated brand of premium, Western-standard vehicles. The vehicles will meet high safety and environmental standards by combining Chery’s manufacturing capabilities with Western design, engineering and safety standards. Initially, the automobiles will be sold in the fast growing Chinese domestic market, and eventually targeted for sale in Western countries.

Since the joint venture was approved by the Chinese government in December 2007, Israel Corp. and Chery have appointed a management team comprising senior Western automotive company experts and begun sourcing premier engineers and a workforce to initiate the design process. The joint venture intends to manufacture its automobiles in a new production facility located in ChangShu, JiangSu province.


  
   
 
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Chery Quantum Auto. Co., Ltd

Israel Corporation Ltd, through its investee companies, operates in the specialty minerals and refining businesses in Asia, Europe, South America, North America, and internationally. The company offers bromine and bromine-based compounds; salts, magnesium chloride, magnesia-based products, phosphorus-based flame retardants, and functional fluids; potash and electricity; phosphate-based specialty products; and controlled release fertilizers, water soluble fertilizers, liquid fertilizers and straights, FertilizerspluS range products, soil and foliar micronutrients, secondary nutrients, biostimulants, soil conditioners, seed treatment products, and adjuvants. It also produces fuel products; raw materials for the petrochemical industry; and materials for the plastics industry, as well as provides power and water services to various industries in Haifa. The company is based in Tel Aviv, Israel.

ILCO

COM:ISRAELCORP

Israel Corporation

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