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Exclusive | Shanghai Auto Show: Chery Automobile’s Jetour unit targets 50 per cent sales outside China by 2027
- Jetour plans to sell half of its total production of 1.2 million units in 2027 in overseas markets, general manager Li Xueyong said
- Chery’s subsidiary, which currently has a presence in 35 countries, plans to enter 10 more markets this year and set up two more plants abroad
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Daniel Renin Shanghai
Jetour, a subsidiary of Chery Automobile that focuses on developing electric vehicles, aims to sell half of its cars outside China in the next four years by leveraging its parent’s manufacturing capabilities and sales network.
Jetour, which mainly develops sport-utility vehicles (SUVs), expects sales of 600,000 units in overseas markets in 2027, said general manager Li Xueyong.
“We focus on SUVs that sell for about 150,000 yuan (US$21,774),” Li said in an exclusive interview on the sidelines of the Shanghai Auto Show on Tuesday. “Jetour is highly competitive in this segment, and consumers around the world who are looking to buy SUVs at this price level, will view our products as a primary choice.”
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Founded in 2018 to tap the accelerated electrification drive in China, Jetour delivered more than 180,000 units in 2022, an increase of 17 per cent year on year.
It is targeting overall sales of 400,000 units this year, with at least 120,000 outside China, Li said.
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