Anhui Jianghuai Automobile Co. Ltd. (JAC) announced that the company has reached an agreement with a Brazilian agency on the sales of 620,000 vehicles between 2010 and 2020. SHC will undertake responsibility for the sales, but the actual sales volume will depend on the market.

It will be the Jianghuai Auto's first entry into the Brazilian market.

An analyst said the deal signaled great progress in the company's overseas business. The company began exploring overseas markets a long time ago, and Brazil is one part of its plan.

Competitors in Brazil include Harbin Hafei, Jinbei, Changan and Chery.

China's business press carried the story above on Monday. China.org.cn has not checked the stories and does not vouch for their accuracy.

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