Chery Has Luxury Car in Its Garage

Shanghai. September 06 2007; (Gasgoo.com) - Chery Auto is set to produce its luxury sedan under the code name "F11" as early as 2009, according to Shanghai Securities News report.

The source who has access to high level Chery officials says Chery had started a program to develop the F11 as early as this April. The model will be sold under a different brand logo from Chery. 3.0L V6 and 4.2L V8 engines will be used in the F11. Both of these engines are developed in-house by Chery and designed by Austria's engine manufacturer AVL.

The Chinese name of the model will be called "Xuanyuan", which will compete with Toyota Lexus, Nissan Infiniti, Audi A6 as well as BMW 5-series, according to Chinese media report.

However, Qin Lihong, Chery Auto Co.'s senior sales official, said earlier that Chery would not unveil its first luxury sedan until three to five years later.

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