Changan Automobile Co Ltd, one of China's largest State-owned automakers, is poised to make a historic breakthrough by having one of its joint ventures both producing and selling Chinese-branded cars at home and abroad.

The Chongqing-based carmaker and the French automaker PSA Peugeot Citroen established their joint venture in 2011 in Shenzhen, called Changan PSA Automobiles Co Ltd, to accelerate the State-owned auto manufacture's internationalization process.

"Within the next three years, Changan cars produced by our joint venture with PSA will be sold in China and overseas," said Ren Qiang, Changan's vice-president.