Chery works on listing plan

Chery cars roll off the production line at the company's headquarters in Wuhu, East China's Anhui Province. The company may float shares both on the mainland and Hong Kong. Xinhua

Chery Automobile Co, the top Chinese passenger car brand by unit sales, is planning a long-awaited stock listing to fuel its aggressive expansion at home and abroad.

Li Feng, deputy general manager of the partner of Chrysler LLC and Fiat Auto SpA, said Chery expects to be a listed firm in the next two to three years "at the earliest".

Owned by the government of the eastern city of Wuhu, Chery is conducting internal financial restructuring to pave the way for the listing, Li said, without elaborating.