Chery to expand overseas

Chinese automaker Chery Automobile Co is ambitious to speed up its global network expansion after stabilizing its foothold in the domestic market.

The Wuhu, Anhui-based auto manufacturer is on track to add six assembly plants outside the mainland this year, boosting its global production network to 15 countries and regions, said Jin Yibo, a spokesman for Chery.

The six destinations will include Taiwan and Thailand in Asia, Syria in Africa and Venezuela in South America, an unnamed executive at Chery told China Daily. The executive did not disclose the other two locations.