China automaker JAC to export 620,000 cars to Brazil
Updated: 2010-12-30 11:05
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.
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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