Cars
China automaker JAC to export 620,000 cars to Brazil
Updated: 2010-12-30 11:05
(Xinhua)
HEFEI - Chinese carmaker Jianghuai Automobile Co Ltd (JAC) started shipping the first batch of 500 cars to Brazil on Tuesday.
It signed a deal in August to export 620,000 ethanol-powered cars to Brazil in the next ten years.
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In August, the company announced it signed the Exclusive Distributor Agreement with Brazilian dealer SHC.
JAC Motors, among the top 10 Chinese carmakers, sought to break into the world No 4 auto market that has been long dominated by US and European automakers and has a high entry threshold.
She Cairong, deputy general manager of JAC Motors, said: "We should continuously broaden our global vision to gradually compete with global auto giants."
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