December 02, 2008

Chery reports surge in export in Q1

Xinhua reported that Chinese carmaker Chery Automobile has recorded a 68.8% YoY growth in the number of exported vehicles during the first quarter.

It exported 37,976 vehicles, 15,478 ones more than the corresponding period last year. The exports accounted for 34.9% of its sales in the first quarter.

The report added that to date, the 11 year old company, based in Wuhu east China's Anhui Province has sold cars to 69 foreign countries. It is ambitious to enter another 15 countries in Central America and the Caribbean this year.

Chery plans to raise its annual output to one million vehicles by 2010.