Brilliance plans to sell 150,000 units light trucks by 2010
Brilliance China Automotive Holdings Ltd, the Chinese partner of BMW AG, says it will need more than 6 billion yuan to expand capacity and add new models in China by 2010, according to its chairman Qi Yuming.
The car maker plans to double production and sales to 600,000 units in China by 2010 while gaining sales revenue of more than 80 billion yuan, Qi said at the Auto China 2008 expo in Beijing.
The aggressive plan also included sales projections of 150,000 light trucks and the same amount of mini vans in China by 2010 in addition to a doubled capacity for its advanced engines for 600,000 units. Brilliance China plans to sell 1 million vehicles and net 100 billion yuan revenue in its second fi veyear plan ending 2012.
"The huge investment would be partly funded by the stock market and we are also looking forward to get more fi nancial support from the government in terms of tax and loans," Qi said.
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