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Chinese automaker Chery holding off on U.S., EU markets

BIRMINGHAM, Mich. — A top executive of China's biggest independent automaker said Thursday his company is waiting to enter the U.S. and European Union markets until it builds its capabilities and quality standards required to compete there, according to an Associated Press story cited in USA Today.

Lin Zhang, general manager of Chery International, said the company is focusing on high-growth areas such as Asia, Eastern Europe, the Middle East and Central and South America, where it now exports more than 100,000 vehicles.

Posted by Peter C. T. Elsworth  at 1:20 PM to China | Permalink

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