SHANGHAI General Motors Co, a venture between the world's and China's largest auto makers, plans to export compact cars and engines to Ukraine and South Korea to take advantage of lower costs in China.

Shanghai GM will export almost 10,000 Chevrolet Lova compact cars to Ukraine, it said in a statement sent to local media in China on Saturday. The car maker will also export more than 70,000 L4-series engines to South Korea to be installed in Chevrolets sold worldwide. "Shanghai GM is combining the advantages of local expertise and overseas resources," Shanghai GM General Manager Ding Lei said in the statement. "We'll expand our exports step by step." General Motors Corp aims to increase production in China to as many as 1.7 million vehicles by 2010 from about 900,000 now, company officials have said. GM's China sales rose 32 percent last year to 876,747 vehicles. GM's two ventures in China are SAIC-GM-Wuling Automobile Co, a sub-compact car and minivan maker in Liuzhou, and Shanghai GM. SAIC Motor Corp, China's largest car maker, is General Motors' partner in both ventures.

Source:佚名