In 2017, CAOA took another big step in its history: in one of the largest operational and corporate agreements in the Brazilian automotive industry, it partnered with CHERY, to create CAOA CHERY. As a result, CAOA acquired 50% of the brand's plant in Jacareí, in São Paulo’s countryside, and began controlling all the automaker's production and marketing operations. The plant, strategically located in Paraíba valley (Vale do Paraíba), between the two largest automobile markets in the country, was completely modernized through heavy investments. Today, it is the operations center of CAOA CHERY in Brazil, with a production capacity of up to 150 thousand vehicles per year, generating more than 40 thousand direct and indirect jobs.