CHINA exported 36.3 percent more complete vehicles and vehicle products in the first quarter than it did a year earlier as a result of greater demand for cost-competitive cars in world markets.

Meanwhile, China posted an 18.5 percent increase in vehicle product imports during the period.

The export value of complete cars and components such as engines and chassis reached US$7.9 billion during the quarter, and imports totaled US$5.4 billion, according to the China Association of Automobile Manufacturer, citing China Customs. Last year, exports in the sector were valued at US$28 billion and imports at US$21 billion.

Chinese vehicle makers, including Chery Automobile Co Ltd, Great Wall Motor Co Ltd and Chang'an Groups, are aggressively selling their cars in overseas markets. Sedans remained the driving force for the export growth, accounting for 25 percent of all complete car exports.

First-quarter sales for Chery, which ranked No. 3 overall in China, reached 44,568 units, powered by exports that doubled to 10,000 units.

Source:佚名