Motor Vehicles and Parts News
- Chery plans 3 foreign car plants
Date: 24-Jan-2007 Sources: (Shenzhen Daily)
CHERY Automobile Co., China's biggest domestic automaker, plans to set up three assembly plants abroad in the Middle East, Eastern Europe and South America, a news report and a company spokeswoman said yesterday. The announcement adds to ambitious plans for Chery, which says it hopes to export to the United States and announced a plan in December to make cars for DaimlerChrysler AG. 'We will formulate a clear plan for these plants this year,'the China Daily quoted Chery chairman Yin Tongyao as saying.
The report said Yin gave no specific locations for the factories or a timetable for opening them. A Chery spokeswoman, Xie Ling, confirmed that the company plans to open the three factories but said she had no other information.
Sponsor Results:
