The economically dynamic Jiangsu Province of East China exported 4,478 motor vehicles in the first eight months of this year, up 38.7 percent on last year.

According to customs sources in Nanjing, the provincial capital, the exported vehicles were valued at US$42.44 million, up 90.2 percent.

More than half of the motor vehicles were sold to Asian countries and regions. In the January-August period, exports to these areas accounted for US$19.47 million, or 50.4 percent, of the province's total, the sources said.

In the eight months, Jiangsu also sold US$9.13 million worth of vehicles to Latin America, up 440 percent, and US$3.88 million worth of vehicles to Europe, up 75.5 percent.

Most of Jiangsu's vehicle exports were trucks and large and medium-sized buses. Their manufacturers all have intellectual property rights and their own brands.

But industry insiders have pointed out that the profit margins are low as exporters continue to slash prices in order to compete with each other.

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