The company's products compete with domestic Chinese manufacturers such as Chery Automobile and Geely Automobile.

Chery Automobile is to hold 30% of the venture, and Khodro will hold 49%.

LLC, called Visionary Vehicles prior to mid-2008, that was to be the North American distributor of Chery Automobiles.

In June 2009 the shareholding proportion between Chery Automobile and Israel Corporation was changed from 55/45 to 50/50, with Chery losing majority control.

ACTECO is an automobile engine brand created by Chery Automobile of China.

Meanwhile, Chery Automobile, a rival of Geely, announced that it, too, was planning to export a fully Chinese-made car next year to the United States.

He looked in the United Kingdom, India, Poland and finally decided to work on importing cars manufactured by China-based Chery Automobile instead.

Chery Automobile and Anhui Conch Cement Company are both headquartered in this development area.

Chery Automobile is the first Chinese manufacturer to enter the country.

The company produces cars adding design and Italian standards to components supplied by foreign companies such as Chery Automobile.