Guangzhou Auto Group looks to crack US market
Guangzhou Automobile Group Co, which produces cars in China with Fiat Chrysler Automobiles NV, plans to start exporting its own brand of automobiles to the US next year and become the first Chinese carmaker to begin retail sales to US consumers.
GAC, which created its Trumpchi brand in 2010 after being a production partner for foreign carmakers for more than a decade, will start a research and development center in Silicon Valley in the first half of this year to prepare for the company's entry to the US, the company's President Feng Xingya said.
"Exporting to the US is a key part of our efforts to become a global player and success in North America is a vital yardstick," Feng said in an interview in Detroit on Jan 8. "We won't ship our cars here before we are fully confident that our cars would nail it."
