Chery's 2011 exports soar to record 160,000
Chery Automobile Co., China's largest vehicle exporter, said its vehicle exports in 2011 reached a record high of 160,000 units, up 74 percent from the previous year.
The Chinese automaker expects to expand its exports in 2012. It has 13 assembly plants overseas that produce vehicles from kits exported from China. It also has two new plants in Brazil and Venezuela.
In contrast to its robust exports, Chery's domestic sales are relatively weak. In the first 11 months of 2011, total sales -- including exports -- dropped 5 percent year-on-year to 871,700 units, according to LMC Automotive.
Chery has yet to disclose its domestic sales for 2011.
