The signing ceremony of Chery Automobile's cooperation with the American GAI Company to establish "Gas Auto Website" was held in Beijing.

On November 21, 2006, Chery Automobile and the American GAI Automotive Network Company held a cooperation signing ceremony in Beijing for the establishment of "Gas World Auto Net (http://www.GlobalAutoSourcing.com)." Senior Vice President of Chery Automobile, Zhou Biran, and CEO of the American GAI Company, Ronald, attended the signing ceremony and signed the cooperation contract on behalf of both parties.

The continuous rapid development of China's automobile industry has drawn unprecedented attention from foreign automobile and parts companies, who are eager to seek various business opportunities in China such as investment, procurement, and technical cooperation. Meanwhile, the Chinese government strongly supports the export of automobiles and parts, making "going out" a strategic choice for an increasing number of Chinese automotive enterprises. There is a growing need for closer communication and cooperation between foreign enterprises and Chinese companies, and Gas World Auto Net, an e-commerce communication platform that serves as a bridge connecting China’s automobile industry, was born under this context.

Gas World Auto Net is positioned as an e-commerce website dedicated to the automobile industry, aiming to build a bridge connecting the domestic and international automobile industries. The website will continuously provide procurement and supply information to domestic and foreign enterprises, the latest news about the global automobile industry, a corporate information release channel facing peers in the global automobile industry (enterprises can post various needs including technology, talent, capital, management), and organize numerous offline activities for face-to-face interaction among automobile enterprises. Through this website, Chinese suppliers gain an effective channel to acquire international customers, while foreign automobile enterprises can more conveniently find partners in China.

Chery Vice President Zhou Biran pointed out, "Chery's exports have grown rapidly in recent years, with an estimated 50,000 vehicles exported this year and 80,000 to 100,000 vehicles expected next year. However, the successful internationalization experiences of Japanese and Korean automobile enterprises indicate that for Chinese automobile enterprises like Chery to achieve true long-term success in internationalization, it also requires the joint participation of Chinese automobile parts suppliers. As the first whole vehicle enterprise in China to promote an international e-commerce platform, Chery aims to share some international experiences and opportunities with Chinese parts enterprises, contributing to improving the overall level of internationalization of China's automobile industry."