China’s Chery Auto exports up 26.1%
Published on August 19, 2012 by W.E. Ning
Chinese manufacturer Chery Auto remains a leading firm with overseas markets after exporting more than 110,000 vehicles in the first seven months of the year. Chery Auto spokesman Jin Yibo said the company exported 112,014 automobiles from January to July, compared with 88,835 for the same period last year, up 26.1 percent year-on-year.
Chery’s automobile exports, account for more than a third of the country’s total passenger vehicle exports in the first half of the year, Jin said.
The Wuhu-based company in east China’s Anhui province set a full-year export target of 170,000 units at the beginning of the year. “Judging from the overseas sales in the first seven months, Chery is set to fulfill the export target this year,” Jin said.
He said with the adjustment of the Chinese economy this year and the declining demand in overseas markets, export growth in industries had fallen sharply.
However, China’s vehicle exports, led by companies such as Chery Auto, has achieved substantial growth to buck this trend, Jin added. Chery has 16 overseas assembly plants to produce customized vehicles for its customers. It has 1,153 dealers overseas, selling its automobiles in more than 80 countries and regions.