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Old 01-10-2007, 09:19 PM   #9
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Post Changfeng targets to export to U.S. car market within 2 years

Jan. 11, 2007 (China Knowledge) Changfeng Motor Co. Ltd, a Hunan-based manufacturer of SUVs and pickup trucks, is planning to begin exports to the U.S. within two years, said chairman Li Jianxin at the North American International Auto Show (NAIAS) on Monday.
Speaking at the NAIAS where the Leibao CS6 SUV and Feibao CT5 small pickup were unveiled, Li said that Changfeng is looking to build other industry alliances and a network for the U.S. market. He added that the company has yet to begin talks with potential dealers or sales representatives.
Currently, Mitsubishi Motors Corp. has a 16% stake in the Shanghai-listed Changfeng, which is continuing to looking for more collaboration opportunities with other major auto companies and suppliers in the world, said Li.
Looking forward, Changfeng is targeting to produce 200,000 vehicles in China and a sales income of up to RMB 26 billion in 2007.

source: chinaknowledge.com
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