China Chery Sales to Hit 1 Million by 2010: Media
New York Times BEIJING ( Reuters) January 7, 2007
- DaimlerChrysler AG's (DCXGn.DE) partner in China, Chery Automobile Co., said its annual sales would rise to a million automobiles by 2010 from just over 305,000 last year, Xinhua news agency said on Sunday. ``In 2007, Chery will produce its one millionth automobile and will reach annual sales of 1 million autos by 2010,'' Yin Tongyao, Chery's chief executive was quoted by Xinhua as saying. The company's car sales climbed 61 percent to 305,236 in 2006, following a 118 percent sales jump in 2005, Xinhua had said earlier. China has set a goal of promoting exports from its fast-growing auto industry into developed markets, including the United States. Late last year, the company, based in Anhui province, signed a deal with DaimlerChrysler's Chrysler Group to build small cars under the Chrysler brand for export to global markets.
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New York Times BEIJING ( Reuters) January 7, 2007
- DaimlerChrysler AG's (DCXGn.DE) partner in China, Chery Automobile Co., said its annual sales would rise to a million automobiles by 2010 from just over 305,000 last year, Xinhua news agency said on Sunday. ``In 2007, Chery will produce its one millionth automobile and will reach annual sales of 1 million autos by 2010,'' Yin Tongyao, Chery's chief executive was quoted by Xinhua as saying. The company's car sales climbed 61 percent to 305,236 in 2006, following a 118 percent sales jump in 2005, Xinhua had said earlier. China has set a goal of promoting exports from its fast-growing auto industry into developed markets, including the United States. Late last year, the company, based in Anhui province, signed a deal with DaimlerChrysler's Chrysler Group to build small cars under the Chrysler brand for export to global markets.
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posted by Auto Report World Editors at 6:48 PM 
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