Chery comes second in China's January car sales list

Chinese domestic automaker Chery became the second largest in China's market in January, overtaking two Sino-German joint ventures as reported by Xinhua News.

Chery sold 37,207 vehicles in the month, second only to Shanghai General Motors who sold 40,570 units in the same period.

This is the first time the Anhui-based company, which develops and produces cars with homegrown brands, has achieved the second highest monthly car sales in China.

Chery was China's seventh largest automaker and fourth largest producer of sedans last year, with sales of 302,500 vehicles, including 272,400 sedan cars.

The company plans to double its exports this year, encouraged by last year's exports of 50,000 vehicles.