Brilliance China says targets exports to US by '09

HONG KONG, March 10 (Reuters) - Brilliance China Automotive Holdings Ltd (1114.HK)BCAHY.PK, BMW's (BMWG.DE) partner in the country, hopes to begin exporting its low-cost Zhonghua sedans to the United States in 2009, becoming the latest Chinese firm to unveil plans to sell into the world's top automobile arena.

Chairman Wu Xiaoan told reporters on Monday that global fund Rocket Capital Investment Group, which will pay about $100 million to buy 10 to 15 percent of Brilliance, had agreed to help the firm penetrate coveted foreign markets.

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Brilliance, which makes BMWs with the German firm in China's northeastern city of Shenyang, is expected to reverse losses and report a net profit of 217 million yuan ($30.5 million) in 2007, according to six analysts polled by Reuters Estimates. The Zhonghua is its signature sedan model. ($1=7.110 Yuan) (Reporting by Alison Leung; Editing by Edmund Klamann)