Luxury British carmaker Aston Martin is expanding in China, the world's biggest car market, on the back of positive growth figures, the company's CEO said Wednesday. Story ContinuesAston Martin going public? Aston Martin in 2017 posted its first profit in eight years, and is considering an initial public offering (IPO). Manufacturing is at a nine-year high, and it sold 5,117 cars worldwide last year, topping 5,000 for the first time since 2008. Asked where the company might choose to list if going for an IPO, Palmer was open-minded. "Everything is on the table, obviously we've seen the great success of Ferrari, and that's why one of the options for us is an IPO. London would be an obvious place but we're not limited to that." As Aston Martin is owned by private equity, the decision will be largely influenced by its shareholders. Referring to the shareholders, Palmer said, "I haven't got a definite direction yet but we're talking." Italian luxury carmaker Ferrari went public in October 2015, and defied skeptics after seeing booming demand and outperforming most other assets in the sector. Its share price has gone up nearly 130 percentsince its initial listing. Aston Martin in January announced a five-year trade and investment plan worth £620 million ($865 million) to boost its presence in the Chinese market. Its target number of 20 dealers in the country is double the current figure of ten. Strong sales growth has been fueled in large part by its DB11 model, a British grand tourer first debuted in 2016.