Chongqing ChangAn Automobile said it expected third quarter net profit to surge 386.29-440.32% with nine-month net profit up 195.45-208.69%.

According to a Reuters reports, unit sales by company, units and joint ventures reached a record 1.532m units in the first nine months following the launch of new models.

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Separately, Tianjin FAW Xiali Automobile said it expected its Q3 net loss to widen to CNY85-115m (US$14-$19m).

According to Reuters, the automaker said it expected a nine month net loss due to lower sales contribution from Tianjin FAW Toyota and weak sales of lower end cars.

The Jan-Sept net loss is expected to be CNY80-110m compared with a net profit a year ago.

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