Full Confidence of Chery in 2009
2009-01-12 Source：english.chinabuses.com
According to the news from Chery said that its next goal is penetrating the North American and Western European markets by making economy autos at lower costs. The company signed a memorandum of understanding with Italy's Fiat in 2007 to set up a joint auto manufacturing company. It also set up distributors in Austria and Eastern Europe. But the road for Chery to access developed markets is turning out a bumpy one as the financial crisis continues to threaten the auto industry worldwide.
Chery remains cautiously optimistic about its export business in 2009 and will continue seeking foreign cooperation to expand into overseas markets. It exported 125,000 vehicles in the first 10 months of 2008, exceeding its exports for all of 2007. It plans to export 400,000 vehicles annually by 2010. The total export was $726 million and revenue reached $2.1 billion. This year the company predicts export will hit $900 million.
Auto industry analysts said Chery still faces challenges such as improving quality to meet US and European safety and emissions standards.
Views:0Editor：Frederick
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