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Chery aims to sell 480,000 vehicles in 2008

Tony From Gasgoo.com| January 16 , 2008 17:32 BJT
Shanghai. January 16 (Gasgoo.com) – China’s largest home-grown automaker Chery plans to sell 480,000 vehicles in 2008: 300,000 vehicles in home market and 180,000 vehicles in overseas market, company president Yin Tongyao announced during a conference yesterday.
 
Last year Chery sold a total volume of 381,000 vehicles both in home market and overseas market, up 24.8 percent from one year earlier.
 
Strong surge in sedan exports is a driving force behind Chery’s impressive sales growth. The company exported 119,800 vehicles in 2007, up 132 percent from one year earlier. Chery has been China’s biggest sedan exporter for five years in a row.
 
The best selling subcompact car, QQ, which is sold about $5,400, is Chery’s most powerful weapons. The company sold about 130,000 QQ vehicles in 2007, which represents about 34 percent of Chery’s total sales in 2007.
 
Apart from QQ, Chery has five other leading models, which include three sedan models: Qiyun, A5, A1 and Oriental Son and a SUV model, Tiggo.  
 
Chery has more than 40 dealerships in Latin America, Africa, Middle East, Central Asia and Southeast Asia. It has dealers in countries like Colombia, Cuba, Bangladesh, Israel, Iran, Nigerian and Azerbaijan. It also has CKD operations in Pakistan, Syria, Russia and Uruguay.
 

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