Chery Automobile Co Ltd in China and a Spanish auto company signed a cooperative agreement on Monday in Madrid, reports the People's Daily on November 15.

Yin Tongyao, director-general of the Chery company told the reporter that the Spanish company will be a sales agent for Chery autos in South America in accordance with the signed agreement. Yin Tongyao believes that China's homemade brand name Chery autos have competitiveness internationally. There is a good prospect for Chery auto sales in South America.

By People's Daily Online