Brilliance Auto Group aims to sell 770,000 vehicles this year, which would represent a year-on-year growth of 14.6 percent, according to a company report.
The company also plans to export 70,000 vehicles, an increase of 57.1 percent year-on-year. The company’s main products — the Jinbei minibuses and light trucks — are exported to over 50 countries in Asia, Africa and South America.
In September, Brilliance entered the Russian market through a joint venture with local company AMS Auto. The venture will produce Jinbei light trucks in Russia.
Founded in 2002, Brilliance Auto makes complete vehicles and auto parts, and is involved in core auto parts R&D, design, sales and finance management. It is 50% shareholder in the successful Brilliance-BMW joint venture, making BMW cars for the Chinese auto market.
If BMW enjoys the same 40% growth it did last year then it will see about 457,000 units of this total.
That would leave Brilliance’s own brand growth still lagging.