Chinese car companies see export surge and hike prices by 20% in overseas markets
An unnamed Chinese homegrown auto brand sent a group of its domestic dealers to Egypt for business exchange visits recently, Chinese dealers were surprised at the brand’s high recognition and booming sales in the North African market. Just like many popular imported models in Chinese market, price increases are quite common for the brand in the Egyptian market. Prices were inflated by as much as 20% in some case.
The soaring exports of China’s homegrown auto brands are offsetting their domestic sales decline, with many Chinese homegrown auto brands are doing recently is to lower down their domestic sales target and raise the export target. As exports are growing rapidly, many Chinese automakers are planning overseas expansion, with many companies aggressively attacking high growth markets in developing areas.
Chery’s wholly-owned plant in Brazil has started construction, and will start production in September 2013. JAC plans to invest $600 million in opening a plant in Brazil. Lifan has launched its Iraqi plant.
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Sorry for being off-topic
but can you please tell me the price of the Guangdong-Foday Explorer III in China?(ex-showroom)
It has just been launched in India by Force Motors, an Indian commercial vehicle manufacturer for 150,000 RMB (1,100,000 INR).
It’s from Fudi, or Foday in English: http://www.fdqc.com/en/index.asp. Pricing I have no idea about, this is a very very small company in China.
Thanks for your prompt reply.
@ Velutha from India
What’s the point? Indians won’t buy Chinese vehicles. Indians are furious about the latest confrontation between Indian warship and Chinese warship off the coast of Vietnam.
ihc, pls do not keep playing the same old tune. Have some new thoughts…..OK !
People in CCT are pissed off seeing you around……..
@ hk
> ihc, pls do not keep playing the same old tune. Have some new thoughts…
Why don’t you check out Indian reaction to this news at Indian portals and sites? Do you think Indians are still going to buy Chinese car?
Fudi Explorer 6, basic version: 89.000 renminbi. That’s the only price they give.