Chinese carmaker Chery produces at former Mercedes plant in Moscow: Chinese move to former Mercedes Moscow plant – News – Mercedes fans

Update 20 October 2023: Chinese cars will soon roll off the assembly line at the former Mercedes Moscow plant

Where Mercedes stars were made in Russia, Chinese cars will soon be built. Because of Russia’s attack on Ukraine, Mercedes-Benz sold its Moscow production facility to Russian carmaker Avtodo. The change of ownership was completed in April 2023. According to Russian media reports, the Chinese car manufacturer Chery is moving into the former Mercedes factory. Chery was only launched as a car manufacturer in 1997 and is already one of the leading car manufacturers in the Middle Kingdom. Chery is expanding and also has Germany in its sights. Cherry car brands are expected to be launched on the market in the first half of 2024. The European production facility fits well into the Chinese plans. As you can read, pilot work is currently underway for the start of production of Chery cars at the former Mercedes plant in Moscow. By the end of 2023, Chery wants to acquire production lines for proper car manufacturing.

Article from April 27, 2023: Mercedes sells its Russian business – and reserves the right to return

“German car manufacturer Mercedes-Benz is selling its remaining business shares in Russia to a local investor,” read a message at the end of October 2022. Mercedes wanted to leave Russia because of the war in Ukraine. But then nothing much happened at first. There was no final conclusion of the contract. It is now being reported that Mercedes-Benz is the Russian subsidiary of Mercedes-Benz
sold to a local investor. This means that the inventor of the car can close his Russian file – at least for the time being, because the return of the star cannot be ruled out. Mercedes-Benz has acquired a buyback option in the sales contract.

Stuttgart announced in October 2022 that Mercedes-Benz wants to withdraw from its Russian business. Production at the Moscow plant had stopped for a long time and shipments to Russia had also been suspended for several months due to the attack on Ukraine. The reason why the sale could not be completed was that the necessary official permits had not yet been issued. As Tagesschau reports, these are now available. Since April 18, 2023, the Russian car dealer Avtodom has been the sole owner of Mercedes-Benz Capital Rus and Mercedes-Benz Manufacturing Rus. So the star is out of Russia. But maybe one day he will come back again. “We have agreed an option with the buyer that allows us to buy back the company’s shares if the sanctions are lifted,” Tagesschau quoted a spokesman for Mercedes-Benz Group AG as saying.

Article from 27 October 2022

The Mercedes-Benz Group is turning its back on Russia and selling its Russian business and everything that goes with it to Russian investor Avtodom. After Stern already stopped the domestic production and export of Mercedes-Benz cars to Russia as a result of the Russian attack on Ukraine, the inventor of the car – as tageschau.de reports – is completely turning around. Mercedes did not release any information about the selling price. According to the report, Avtodom is obliged to “fulfill its obligations to customers and employees of Mercedes-Benz,” according to tagschau.de. There was no information about the financial side of the agreement. However, the sale of Avtodom may be an unwise departure from Russia. Mercedes-Benz is said to be getting a buyback option.