Chery Aims To Sell 1 Mln Vehicles A Year By 2012

Shanghai, November 20, 2008: (Gasgoo.com) A senior executive of Chery Automobile Co briefly unveiled the company's production plans before 2010 on the sideline of the Guangzhou Auto Show yesterday,

Chery Auto sales manager Ma Deyi, said the company has set a goal to sell 1 million vehicles annually by 2012, of which 300,000 units will be commercial vehicles.

In the commercial vehicle sector, Chery has started to build a joint venture plant with China's largest special vehicle producer - CIMC Vehicle Investment Holding based in Chery¡¯s hometown of Wuhu.

The plant will start operation in 2010, with Chery and CIMC each holding 30% and 70% stakes respectively in the venture.

Ma said Chery will build a separate sales network for commercial vehicles when volume sales started.

On the part of sedans the auto company has announced it will launch a mini car model codenamed Q21 by the end of this year, with others to follow up soon afterward. Chery hints that the new mini car will be a competitively priced model.

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