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Changfeng Motor may seek to open plant in U.S.
Shanghai. January 16 (Gasgoo.com) - Changfeng Motor Co said Tuesday it is mulling over a plan to establish a production unit in North America, but will begin to sell Changfeng vehicles in the market starting 2009, Changfeng's chairman said at the North American International Auto Show.
Li Jianxian also said it is looking for partners in Europe in the hope of entering the European market in the future, according to a Shanghai Securities News report.
Last year Changfeng sold 36,000 vehicles in total, of which 3,000 were exported. The automaker hopes its export volume will double in 2008 and will eventually increase its export to 60,000 units by 2010.
The state-owned Chinese automaker displayed Liebao CS6, CS7 SUV vehicles and its first sedan Kylin during the show. It was the second year for Changfeng to exhibit vehicles at the Detroit show.
Changfeng Motor displays Liebao CS7 SUV at the North American auto show
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