Branching out: Chery plans to raise the share of overseas sales to a third of total sales from a quarter now.
SHANGHAI: Chinese state-owned Chery Automobile Co aims to rely only on organic means to grow its international sales, its CEO said, underlining a strategy that is different from its private sector rivals who have either made or are considering acquisitions.
CEO Chen Anning told Reuters in an interview that Chery, best known at home for its Arrizo sedans, plans to raise the share of overseas sales to a third of total sales from a quarter now.
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