Chery Vice-President Zhou Biren (left) and Venezuela Minister of Technology Ricardo Menendez (center) at the ceremony. [Photo/China Daily]

 

Sales expansion

Domestic automakers are also expanding sales networks to aid overseas sales, said Marvin Zhu, senior analyst at JD Power Asia Pacific.

Chery exported 17,008 vehicles in July, a 92.53 percent increase over the same month last year, bringing its exports to 88,835 units in the first seven months, an increase of 89.25 percent year-on-year.

Domestic automaker Geely Automobile Holdings Ltd reported exports of 13,385 vehicles in the first six months of 2011, a 93 percent increase over the same period in 2010.

Overall exports by domestic automakers in July hit 73,300 vehicles, a 57.7 percent rise over the same period in 2011. The performance was better than any previous month, even before the onset of the global financial crisis in 2008.

Total exports of China-made vehicles - including passenger and commercial vehicles - from January to July totaled 454,400 units, a 57.3 percent increase over the same period last year.