Beijing Automotive Industry Holding Group, which formed an international unit last week, expects to sell 400,000 vehicles cumulatively in overseas markets by 2020.
More than 70 percent of the international sales target will be built or assembled overseas in the long term, the state-owned company said.
BAIC said last week the new international unit will target foreign acquisitions. The company said it has identified three European brands for purchase.
This year, BAIC expects to export 20,000 vehicles.
Its current export markets include China's neighboring countries as well as North Africa and Latin America.
In the future, Brazil, South Africa, Mexico and Russia will become "strategic" export markets, the company said.
BAIC produces sedans, SUVs and microvans under its own brands. It also operates joint ventures with Hyundai Motor and Daimler.
BAIC is a latecomer to the export market. Other Chinese automakers began exporting vehicles to other emerging markets shortly after they launched production in China.
Exports generate a big portion of sales for Chery Automobile Co., Great Wall Motor Co., Zhejiang Geely Holding Group Co. and Chongqing Lifan Industry Group Co.