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Old 04-19-2006, 01:08 PM   #1
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Post CHAMCO and Zhongxing cooperation

Chinese car manufacturer Zhongxing is aiming to export it's models to US in coming years



"A Chinese state-owned manufacturer of pick-up trucks and sport utility vehicles (SUV) has said it will start exporting to the US, the South China Morning Post reported.

A spokesman for Zhong Xing Automobile (ZXA), based in Hebei province in north China, told the Hong Kong paper that the company aimed to have the first Chinese vehicle on sale in the US within 16 months, with planned exports of 30,000 in 2007, rising to 150,000 by 2010.

Two other Chinese firms, Chery Automobile and Geely Automobile, have announced plans to export to the US, both targeting the low-end passenger car market, selling for less than 10,000 usd per unit.

The ZXA spokesman, who gave his name only as Wang, said the firm was in negotiations with agents in the US to set up a sales network and was working with testing and certification centres outside the US to pass the vehicles to meet US requirements.

The pick-ups and SUVs will sell for more than 100,000 yuan.

ZXA has an annual production of 40,000 pick-ups and 15,000 SUVs, with assembly operations in Malaysia, Russia and Ukraine and last year exported 7,000 vehicles, the report said."
"It took Japan 40 years to become a great automotive nation. It took South Korea 20 years. I think it will take China as little as 10 to 15 years."

Giorgetto Giugiaro
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