Chery expects to export 170,000 vehicles this year
Chery Automobile Co., China's largest passenger vehicle exporter, says exports this year will reach 170,000 units.
That will be a record high, although it is below the company's original export target of 180,000 units.
In the first 10 months, Chery's exports surged 77 percent year-on-year to 135,556 vehicles. Chery said it generated 35 percent of China's total passenger vehicle exports during the period.
While Chery's exports have risen fast, its domestic sales have declined this year due to a lack of new models.
As a result, Chery's total vehicle sales dropped 3 percent from a year earlier to 517,320 units in the first ten months of this year, according to J.D. Power.
