China's First Automobile Works (FAW) Group aims to sell over 2 million vehicles a year by 2010.

If this target is reached, sales revenue in 2010 will exceed 200 billion yuan. Over 1 million of the vehicles sold will be designed and produced locally.

The principles of development for the Eleventh Five-Year Plan are self-development and cooperation.

FAW also established five development strategies of its own for this period: innovation in products and skills, increasing exports of cars (as oppose to car parts), developing products with high added value by improving research, overseas expansion and digital management.

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