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Business

Guangzhou Automobile pushes expansion despite market slowdown

Guangzhou Automobile Group sells its own Trumpchi cars, such as the GS4 sport utility vehicle shown here, but the company still leans heavily on joint ventures with foreign automakers.

GUANGZHOU, China -- Although the China's car market is not expanding as fast as it once did, Guangzhou Automobile Group is not slowing down. The Chinese automaker continues to boost capacity aggressively, aiming to sell 3 million cars a year by 2020, an increase of about 160% from 2014.     

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