Chery Automobile Co Ltd has raised its sales target to 480,000
units for this year on strength of surging exports.
China's fifth-largest car maker aims to sell 300,000 vehicles on
the domestic market in addition to 180,000 units overseas for 2008,
a company statement said yesterday.
Wuhu-based Chery is leveraging efforts to tap into more overseas
markets after it teamed with foreign car makers, including Fiat and
Chrysler.
Last year it exported 119,800 units with a monthly record high
of 15,000.
Chery now has eight manufacturing plants in seven countries,
including Russia, Egypt, Thailand and Indonesia.
(Shanghai Daily January 24, 2008)
