China’s largest automaker may increase its vehicle sales targets by 50%, a senior executive has said, if the market continues to recover.
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A statement from the company quoted in the press today said that Chery sold close to 150,000 vehicles in the first four months of the year, around two-thirds of its annual goal of 200,000 units.
The statement from deputy general manager Ma Deji noted that sales in April jumped 30.5% to a monthly record of 42,935 units.
If the current recovery continues, Chery may increase its full year sales target to 300,000 cars.
Sales of passenger vehicles in China reportedly rose to a record 830,000 units in April as the market continued to benefit from government stimulus measures designed to boost car sales.
The China Association of Automobile Manufacturers (CAAM) said that passenger car sales rose 37% over last year to a record 830,000 units.
