SAO PAULO (AFP) — Big Chinese automaker Chery is considering open a 700-million-dollar factor in Brazil to tap into the country's growing market, and to learn more about building biofuel-capable engines, Brazil's Gazeta Mercantil daily reported Friday.
Chery was China's biggest automobile exporter last year, accounting for more than a quarter of the country's car exports. Chery shipped 135,000 units abroad last year, up 12.6 percent from 2007, according to the China Association of Automobile Manufacturers.
