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16-07-2007
China
home-grown auto brands, encouraged by robust
sales, are seeking to expand their overseas
presence and shed their image as low-grade vehicle
producers.
Figures
from the China Association of Automobile Manufacturers
show the country's auto industry maintained
strong momentum in the first half of the year,
with both vehicle output and sales rising more
than 20 percent.
In
the first six months, auto companies produced
4.46 million vehicles and sold 4.37 million
of them worldwide. Industry analysts say both
output and sales are expected to hit a record
8.5 million this year.
CAAM
president Hu Maoyuan said Chinese indigenous
auto brands have entered a crucial phase where
they have the opportunity to become strong global
producers.
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