| 09-04-2008
Through more than ten years development, Chinese auto brands are seeking to expand their overseas presence and shed their image as low-grade vehicle producers. The China First Automobile Works (FAW) Group Corp, one of the country's leading automakers, announced it will spend 13 billion yuan (US$1.7 billion) in the next eight years to develop its own vehicle brands.
Many Chinese auto brands are upgrading their products and vigorously seeking to expand their presence in European countries and other developed countries. In some developing regions, such as southwest Asia and the Middle East, Chinese brands have become very popular. In the past Busworld Asia 2008, many Chinese companies unveil their new high-grade buses and coaches. Many of them are self-developed and have own intellectual property rights.
Editor: Frederick Wei from Chinabuses.com
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