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BIZCHINA / Center
Carmakers join race to get into Europe, US
By Gong Zhengzheng (China Daily)
Updated: 2007-08-10 11:18
BYD, which mainly exports cars to Latin America and the Middle East, aims
to double its overseas sales to 16,000 units this year from 2006.
Vehicle exports from China have been in the fast lane in recent years,
mainly boosted by indigenous brands.
In the first half of this year, the nation's overall vehicle exports
surged by 71.3 percent to 241,200 units from a year ago, according to
industry data.
Japan's Honda Motor is the sole foreign carmaker selling China-made cars
in the developed market.
BYD, which is headquartered in the southern city of Shenzhen, got into
the auto sector in 2003 when it bought a State-owned car plant in Xi'an
in the northwest. It now has two research centers in Shanghai and
Shenzhen.
The company plans to move a total of 150,000 cars this year, up from
60,000 units last year.
(For more biz stories, please visit Industry Updates)
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