Soueast

Soueast
Simplified Chinese	东南(福建)汽车工业有限公司
Traditional Chinese	東南(福建)汽車工業有限公司
Transcriptions
Mandarin
- Hanyu Pinyin	Dōngnán (Fújiàn) Qìchē Gōngyè Yǒuxiàn Gōngsī

South East (Fujian) Motor Co., Ltd.
(trading as Soueast)
Type	Subsidiary
Industry	Automotive
Founded	1995
Headquarters	Fuzhou, Fujian, China
Area served	Worldwide
Key people	Zi-Sheng Zuo (President)
Products	Automobiles
Owner	Chery (100%)
Soueast
Simplified Chinese	东南(福建)汽车工业有限公司
Traditional Chinese	東南(福建)汽車工業有限公司
Transcriptions
Mandarin
- Hanyu Pinyin	Dōngnán (Fújiàn) Qìchē Gōngyè Yǒuxiàn Gōngsī
Website	www.soueast-motor.com

South East (Fujian) Motor Co., Ltd., trading as Soueast, is a Chinese automobile manufacturer based in Fuzhou, Fujian, operating since 1995.

Originally, is a joint venture between China Motor Corporation (25%), Fujian Motor Industry Group (50%) and Mitsubishi Motors (25%) before it was acquired by Chery in March 2024.^[2]^[3]^[4]^[5]^[6]

History

The Mitsubishi Era

In May 1995, the joint-venture Soueast (Fujian) Automobile Industry was established, in which cooperation was established between the Chinese concern Fujian Motor Industry Group and the Taiwanese China Motor Corporation, a manufacturer of locally modified, licensed models of Mitsubishi^[7]. W ten sposób, Soueast również pozyskało prawa do lokalnej produkcji modeli japońskiej firmy pod własną marką, w 1996 roku przechodząc do wytwarzania vana Delica^[7]. Tuż po nim ofertę poszerzył odpowiednik tajwańskiego Veryca pod marką Soueast, a na początku XXI wieku ofertę chińskiej marki poszerzyły kolejne modele na czele z kompaktowym minivanem Freeca^[7].

After a decade of Soueast's operations, in April 2006 Mitsubishi Motors decided to enter the company directly as the third shareholder^[8]. In this way, in addition to the licensed and visually modified derivatives of the older products of the Japanese company under the Soueast brand, the production of selected, newer models with the Mitsubishi logo was also started in Fujian^[7]. In 2008, Soueast Motors exported a batch of 5,700 Delica minivans for the first time, winning a tender in Iran^[9]. In the meantime, in 2007, under an agreement with the American concern Chrysler, the Chinese Soueast plants launched the production of cars of two more brands, this time the twin minivans Chrysler Grand Voyager and Dodge Grand Caravan, which received other Mitsubishi-designed drive units for the needs of the local market.^[10].

The second decade of the 21st century brought Soueast's independence in the area of its own brand products, gradually moving away to models directly derived from older Mitsubishi models. The compact sedan V5 Lingzhi presented in 2012 retained the technical components of the Japanese partner, but gained its own styling design^[7]. In the middle of the decade, Mitsubishi gradually limited its interest in the Soueast company, not introducing new models^[7]. In response, Soueast in 2016 undertook a major modernization of the range towards the increasingly popular SUVs and crossovers using Mitsubishi technology and an independent project commissioned by the Italian studio Pininfarina^[7]. The first were the DX7 and DX3, and in 2019 - the DX5. In the meantime, production of all Mitsubishi models came to an end, and the only classic sedan remained the A5^[7].

Chery Era

Despite the intensive expansion of the offer at the turn of the second and third decade of the 21st century, Soueast sales collapsed in 2019 due to the general crisis of the new car market in China^[7]. Although in 2017 the company sold 85 thousand cars there annually, in 2019 the values first decreased to the level of 30 thousand units, a year later 14 thousand, and in 2021 - only 8 thousand cars^[7]. This crisis prevented the introduction of the flagship SUV model DX9, and the final period of Soueast Motors in its current form was sealed by Mitsubishi's complete withdrawal from the joint-venture company in 2021^[7]. In 2022, the company began cooperation with the Chinese concern Chery Automobile, as a result of which the Soueast offer was enriched by Soueast DX8 - a twin of one of the conglomerate's models, Jetour X70^[11].

Cooperation with Chery quickly reached an advanced stage, ending in 2023 with the company buying back 80% of Soueast's shares and investing in the modernization of production plants.^[12]. In the same year, production of all previous models came to an end, starting a transition period that ended with Chery taking full control of Soueast in March 2024. Thus, after almost 30 years of operation, the company changed its status from a joint venture to one of the divisions of the Chery group^[13]. The new owner changed the character of the brand, making it closely related to the Jetour brand - all of the 3 new Soueast models presented in the fall of 2024 were twin derivatives of its SUVs. The subsidiary changed its character, disappearing from the Chinese market and going on sale in export markets as a diversification of the Chery brand portfolio. First, the revitalized Soueast debuted in Russia^[14] and Uzbekistan^[15]