China's Chery Auto to set up plant in Myanmar

Chery Automobile Co., Ltd. is planning to set up a car assembly plant in Myanmar, the company said Friday.
The plant will be capable of rolling out 3,000 to 5,000 Chery's QQ3 compact cars annually, said Jin Yibo, a spokesman with Chery Auto.
The company has so far received nearly 10,000 orders for its QQ3 car in the southeast Asian country this year, according to the spokesman.
The automaker based in east China's Anhui province began exporting its cars 10 years ago and has speeded up construction of overseas production bases and sales networks in recent years.
The company has established 16 plants, including four under construction, in 15 countries and regions by the end of 2010.
In 2010, Chery Auto exported about 100,000 cars. By mid-April this year, the company had exported a total of 500,000 cars, figures from the company show.
Weekly review May 20 World Economic Forum China office marks fifth anniversary May 18 China, Pakistan joined in bonds of brotherhood May 20 'Central axis' of Beijing applies for world cultural heritage May 20 In pictures: Int'l 'Financial Security' symposium opens in Beijing May 21 The week in pictures May 16 Beijing aims for massive influx of overseas talent in 2011 May 16 Singapore election coverage shows Western arrogance May 16 Chinese naval helicopter conducts target practice in Gulf of Aden May 17 Strategies for harmony between militaries of China, US May 17 Pakistani Prime Minister hails China as true friend