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Chang'an pushes for overseas expansion

Updated: 2013-09-12 07:54
By Li Fangfang ( China Daily)

Chang'an Automobile (Group) Co, China's fourth-largest automaker, will invest $820 million in 10 major global markets by 2020, a company executive said.

It aims to sell 400,000 vehicles annually outside China by then, said Vice-President Zhu Huarong at the ongoing Frankfurt Auto Show in Germany.

"To make Chang'an a true international automaker, a strong foothold and long-term perspective are crucial," Zhu said.

Chang'an pushes for overseas expansion

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