Chery Automobile saw its millionth car roll off the assembly line yesterday, becoming the first homegrown automaker to reach that milestone.
The fast-growing private automaker, established a decade ago, said it took six years to make the first half million cars and only 1 for the second.
Chery, based in the eastern province of Anhui, has an annual capacity of 400,000 units and expects to add another 250,000-300,000 units after a new plant starts operation in October.
Chery sold 197,923 units in the seven months until July, fourth on the domestic market after FAW-VW and Shanghai VW, two mainland joint ventures of Germany's Volkswagen, and Shanghai GM, a General Motors joint venture.
The company agreed this month and in July to create joint ventures with Italian conglomerate Fiat and US giant Chrysler respectively.
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