Chery targets 70 percent overseas production by 2030
Chinese automaker Chery expects overseas-manufactured vehicles to surpass half of its total exports by the end of this year. The company plans to scale local production to seventy percent by 2030 as part of its global expansion strategy.
Insights:
China's Chery expects overseas-manufactured vehicles to top 50% of its total exports by the end of this year, rising to 70% by 2030. The automaker is accelerating local production to expand its footprint in international markets. Overseas manufacturing currently accounts for 48% of export volume, according to Executive Vice President Zhang Guibing.
