China’s Chery expects overseas-manufactured vehicles to top 50% of exports, exec says

WUHU, China, Oct 23 (Reuters) Chery expects more than half of the vehicles it exports to be made ​overseas by the end of this ‌year, with the share rising to 60% next year and 70% by 2030, Executive Vice President Zhang Guibing said on Friday at ‌an ​event. Here are some more ⁠details: • Zhang said overseas ⁠manufactured vehicles account for about 48% of its export volume this year • Zhang said the company is pursuing local ​manufacturing not only to sell vehicles but also to create jobs and cooperate ⁠with local technologies • Step by ⁠step, we are trying to ​localize production and rely mainly on local manufacturing, ​he told an event in Chery s ‌headquarters in Wuhu • Chery, which sells the Omoda and Jaecoo brands, is one of several Chinese automakers disrupting the global ⁠auto industry with advanced technology and prices that legacy car companies have struggled to match • ⁠The company ‌said it will start building ⁠fast-charging and energy storage stations ​in ‌countries incl