BEIJING, Jan. 18 (Xinhua) -- Chinese automaker Chery
is seeking cooperation with Malaysia's state-controlled automaker Proton in a
bid to explore the Malaysian market, the Shanghai Securities News reported
Thursday.
Chery plans to commission Proton to assemble two
Chery models -- the B14 multi-purpose vehicle and the T11 cross-country
vehicle-- for sale in Malaysia, said Tan Sri Cam Thiam Hong, executive chairman
of Alado Corp., Chery's Malaysian distributor.
Negotiations were underway and would be completed
within three months, he said, adding that Proton would assemble 50 to 60 Chery
vehicles at the initial stage of the cooperation.
But he did not disclose whether the two models will
be assembled under Chery's brand or Proton's.
Chery is expected to sell 2,000 vehicles -- including
the A160,QQ, QQR and B140 -- in Malaysia this year and the Chinese automaker
plans to put out new models to grab a larger market share.
The cooperation between Chery and Alado dates back to
November 2004 when the automaker first attempted to enter the markets of the
Association of Southeast Asian Nations (ASEAN) with the help of the Malaysian
company.
Proton will help Chery explore the ASEAN markets and
try to open the Chinese market through Chery, said the report.
The Anhui-based Chery was China's seventh largest
automaker and fourth largest producer of sedans last year, with sales of 302,500
vehicles, including 272,400 sedan cars.
The company plans to double its exports this year,
encouraged by last year's exports of 50,000 vehicles.