| 16-01-2008 Chinese
automaker Chery, the ambitious flag-bearer of Chinese indigenous brands, hits
a record car export of more than 100,000 units. It would double that of 2006 with
a sales volume of US$700 million, said the Bureau of Commerce of Anhui Province.
Chery is capable of producing 400,000 cars, 400,000 engines and 300,000 transmission
cases a year and plans to raise its annual output to one million cars by 2010. The
firm, established in 1997, started production in 1999 and made its first million
cars in seven years and nine months. The company, which operates seven plants
in six other countries, including Russia, Uruguay, Indonesia and Egypt, would
build another 14 overseas plants by 2010. It has established ties with Italy's
Fiat to supply 100,000 engines a year for Fiat cars made in China and abroad. Chery
has also signed a deal with Chrysler to export Chinese-made cars to the United
States and Europe. The two companies will jointly develop new products based on
Chery's small-car platforms. The company launched its first franchise in Philippine
located in Manila that sells automobiles branded with Qiyun, Eastar and QQ under
the flag of Chery.
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