Chinese-Made Cars Arrive in the Philippines

SHANGHAI - September 29, 2007:

Chery, China's biggest home-grown automaker, opened the first dealer store in the Philippines earlier this week, Chinese media reported yesterday.

The deal store, located in the central business district of Manila, is the first auto dealer store opened by a Chinese automaker. Chery plans to sell Cowin, Eastern Son, QQ and others.

On July 27 this year, Chery began to sell its A160 and QQ in Brunei, a tiny country in Southeastern Asia. Prior to Chery's arrival, Yutong, Zhongxing and Geely were already sold in Brunei.

Chery hopes to export 130,000 vehicles overseas this year, said Yin Tongyao, the president of Chery Automobile. Last year, Chery exported more than 50,000 vehicles.

Russia has become Chery's largest overseas market. In the first eight months of this year, Chery saw it sales increase by 580% to 24,000 units.

To date, Chery-made automobiles are sold in 56 countries worldwide. The company now has seven automobile factories in six countries, including Russia, Ukraine, Egypt, Indonesia and Uruguay. By 2010, Chery will have 14 factories overseas and export 400,000 vehicles annually.

For more information about the burgeoning auto industry in China please visit http://www.gasgoo.com/Autobiz/list/7/China-News.html