Chinese carmaker Great Wall said it is on track to meet its 2011 sales target of 500,000 vehicles despite slower than expected growth in its domestic market.
Company president Wang Fengying told Reuters that it also expects to double its earnings this year. Just two months ago Great Wall said it might not achieve its sales target because of a general slowdown in sales in China which still grew 6% in the first eight months of this year.
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Wang said she was confident about the growth potential of China’s auto market which she believes will continue to grow at a rate of 10% a year.
Great Wall chairman Wei Jianjun said last month that the company would consider buying a foreign car brand if it finds a suitable target although Wang said the company is not currently in talks with any foreign partners.
