Kenneth Yen, CEO of Yulon Group , the largest automobile manufacturing conglomerate in Taiwan, recently adjusted his forecast for Taiwan’s new car sales this year to 380,000 to 400,000 units, from a prediction of about 400,000 units made early this year.

For new car sales in China, Yen forecast sales at 18m to 19m units for this year; and he said the country would continue to maintain its position as the world’s largest vehicle market this year, China Economic News Service reported.

Yen recently received a delegation led by China’s Fujian province governor Su Shulin who said the province’s cooperation tie with Yulon Group would further expand in future.

South East (Fujian) Motor (SEM ), a joint venture between Taiwan-based automaker China Motor (CMC) of Yulon Group and Fujian Motor Industrial Group (FJMG) in 1995, was the first automotive-related cooperation between the province and Taiwan, Su said.

Yen also said that Yulon hopes to further expand its cooperation with the provinceand his group does not rule out the possibility of introducing some new car models developed by Hua-Chuang Automobile Information Technical Center (Haitec ), the group’s assembled-vehicle R&D arm, to be locally produced by SEM.

In addition to SEM, Yulon Group has reinvested in Dongfeng Motor , the third-largest automobile manufacturer in China, and set up Dongfeng Yulon Motor , a joint venture, to locally produce and sell Luxgen brand car models developed by Yulon.