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JAC plans to up exports this year

Domestic automaker Jianghuai Automobile Co Ltd plans to significantly boost its exports this year

JAC's overall sales goal for the year is 520,000 units, 15 percent of which will be exports

JAC sold more than 465,100 units last year, 12 percent of which were exported to more than 120 countries and regions.

The company has more than 500 dealerships and 14 assembly plants overseas.

Founded in 1964 and based in Hefei, Anhui province, the automaker now has a full lineup of independently developed vehicles and components, including light, medium and heavy trucks, multi-purpose vehicles, small recreational vehicles, sedans, buses, construction machinery, engines, transmissions and chassis.

JAC vehicles sell at a higher price in foreign countries than in the domestic market, noting that overseas sales became an important contributor to the 900 million yuan in net profit JAC realized last year.

Many international distributors recognize JAC as one of the top Chinese auto brands.

Currently, JAC vehicles are being sold throughout Asia, Africa, Europe, South America and now in North America.

JAC sold 142,600 vehicles in the first quarter of this year, a jump of 19.25 percent from a year earlier and accounting for 27.4 percent of this year's sales target.

JAC aims to sell 1.6 million units annually and achieve revenue totaling 100 billion yuan by 2015.

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