China’s fourth largest carmaker, Chery Automobile, exported 52,712 cars in the first half of 2007, almost triple the year-earlier shipments of 13,548 units.
The company told Xinhua News in a statement that it is projecting 2007 exports of over 100,000 units, compared to the target of 70,000 set at the beginning of the year. Major export destinations include Russia, Iran, Egypt and Indonesia.
Chery’s overall sales for the first half were 190,362 units, compared to 133,200 a year earlier.
The report noted that, earlier this month, Chery entered into a small-car development and production agreement with Chrysler which covers joint development, manufacturing and distribution of small and sub-compact cars in North America, Europe and other major markets.