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.

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The China Association of Automobile Manufacturers (CAAM) said that passenger car sales rose 37% over last year to a record 830,000 units.