Yeah, you are right.
I don't think that they are going to launch any car soon. This is what I have found on their website.
Chery M-14- Sports Convertible Coupe
Introduction time is estimated to be the year 2006.
We are in 2007 and we haven't seen any M14 yets.
Chery A-21- Ultimate Full Sized Luxury Saloon
Expected launch date is the year 2006
Not yet launched.
Chery B-13- A Mobile Automobile for Modern Business
Anticipated introduction date is early 2007