Sales target of domestic automakers in 2011 released

Production and sales volume in the Chinese auto market in 2010 refreshed a record of 18.27 million units and 18.06 million units respectively. However, due to the cancellation of the preferential policy on purchase tax, scrappage schemes, subsidy policy for rural residents, and the overdraft led by the purchase frenzy at the end of last year, the automobile market will possibly cool down in 2011. Experts in the industry predicted that the growth rate this year will drop 10 to 15 percent. Below is a list with the annual sales target for 2011 of some domestic automakers:

Shanghai GM: 1.15 million units