Chery Adds To Burgeoning Vehicle Capacity

Chinese carmaker Chery Automobile has revealed plans for another new plant, while two other new facilities are already under construction. The firm, which achieved sales of 500,000 units in 2009, will invest CNY20bn (US$2.93bn) in the plant, to be based in the city of Erdos, Inner Mongolia. Based on the size of the investment, the plant's annual capacity has been estimated at 500,000

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