WUHU, China — Chery Automobile, the fourth-largest and fastest-growing automaker in China, expects to sell 400,000 vehicles overseas by 2010, representing 40 percent of its projected production.
A substantial number of those cars are headed to North America, where they will be sold by Chrysler, probably with Dodge badges.
Chery recently has inked major partnership deals with Chrysler, Fiat and Iran Khodro.
The Chinese automaker is on a fast track. Its production this year is expected to jump to 400,000 units, compared with 300,000 in 2006. About 25 percent of production — roughly 100,000 vehicles — are headed for export markets.
Chery has embarked on a major expansion program and expects to be building 1 million vehicles a year by 2010, reinforcing its position as one of China's top auto manufacturers.
What this means to you: Chery wants to be an export powerhouse by 2010.
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Source:
Edmunds: Inside Line
Date posted: 09-21-2007
