SAIC H1 sales likely to climb
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SAIC Motor Corp expects its first-half sales to increase to more than 1.65 million vehicles from 1.23 million a year earlier, Bloomberg News reported yesterday, citing President Chen Hong.
The nation's largest domestic auto maker has set the 2010 sales target at 3 million units, according to an earlier statement.
At an annual shareholders' meeting yesterday, Chairman Hu Maoyuan also said SAIC aims for 20 percent of China's alternative-energy vehicle market by 2015, according to the report.
SAIC makes cars and light commercial vehicles with Volkswagen AG and General Motors Corp.
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