Tuesday, April 24, 2007
China Car Makers
China has more than 100 automakers with about 20 of them producing cars in large volumes. In 2006 China's passenger-car exports more than tripled to 101.299 vehicles.
Chery Automobile Company is the biggest seller of Chinese-brand vehicles, selling 50,000 in 2006 with plans to sell 70,000 in 2007. Chery, founded in 1997, is government-owned.
Shanghai General Motors, a joint venture of Shaghai Automotive Industry Corp and GM, makes Buicks, Chevrolets and Cadillacs. (Source: Wall Street Journal 4-23-07 "China Car Makers Pull Ahead at Home")