November 15, 2013 by Joey Wang
First Auto Works (FAW) will build an automotive assembly plant in Algeria. The factory will have an initial output of 10.000 car a year and a final output of 30.000 cars a year. The plant will make cars for the Algerian market, for other North African markets, and for export to Southern Europe.
August 10, 2013 by Joey Wang
Volkswagen Group’s plant in Foshan of south China’s Guangdong province will start production in September, one month behind schedule, Chinese media reported. The first model to be built at the plant is the seventh generation Volkswagen Golf.
August 5, 2013 by W.E. Ning
The second Volvo plant in China has been approved by Chinese authorities.The plant is located in the city of Daqing in China’s north eastern Heilongjiang Province. The Daqing plant is expected to be completed this year and start production at the beginning of 2014.
June 20, 2013 by W.E. Ning
The Shanghai-GM joint venture started construction of a new Cadillac factory in China on Wednesday to target luxury buyers in the world’s biggest auto market. Company leaders said they were optimistic about long-term growth in the luxury segment and have aggressive plans to expand Cadillac’s dealer network.
June 9, 2013 by W.E. Ning
Chinese commercial vehicle manufacturer Beiqi Foton Motors Co signed an agreement with US engine manufacturer Cummins Inc on June 5 to jointly explore the Brazilian market. Foton will partner Cummins to build two plants in the country by 2014.
The new plants in Brazil will produce light trucks and pick-ups for the South American market, but annual production capacity has not yet been decided. Cummins now has a local plant with annual production capacity of 30,000 engines.
May 31, 2013 by Joey Wang
Chery Automobile plans to set up a jointly owned factory in Malaysia in 2014 to tap into the ASEAN market, 21st Century Business Herald reported on Wednesday. The factory, which will fully assemble vehicles, has long been part of the automobile maker’s plans since its first foray into Malaysia in 2008.
May 31, 2013 by Joey Wang
Guangqi Honda Automobile Co (Guangzhou-Honda) on Tuesday started work on its third plant in south China’s Guangdong province in a bid to expand capacity to meet market demand.
The new plant, located in Zengcheng of Guangzhou, capital of Guangdong, will help to expand Guangqi Honda’s current annual production capacity by 50 percent to 720,000 units, the joint venture between Guangzhou Automobile Group Co and Japanese carmaker Honda said in a statement.
May 17, 2013 by Joey Wang
German automobile conglomerate Volkswagen AG will invest 12 billion yuan ($1.95 billion) to build its first plant in Central China, in a bid to help increase its capacity to meet the rising demand from the world’s largest vehicle market and respond to the similar move its major rival General Motors announced last month.
The new plant will be set up by Volkswagen’s joint venture with China’s SAIC Motor, and will have an annual output of 300,000 units, German national daily newspaper Frankfurter Allgemeine Zeitung reported.
May 10, 2013 by Joey Wang
South Korea’s Hyundai Motor Co is considering building a fourth car plant in China, its vice chairman said on Friday, as it seeks to increase production overseas to counter the effect of a firm local currency coupled with a falling yen as well as labor issues.
The comments from Hsueh Yung-hsing might a indicate change in the group’s attitude toward capacity expansion, but it is not clear whether group chairman Chung Mong-koo will approve the move because of his disciplined capacity approach, said a person familiar with the matter.
May 9, 2013 by Joey Wang
Carat Security Group, the Belgian company which specializes in providing armored limousines worldwide, plans to open its first manufacturing facility in China. Carat Security, which produces vehicles under the Carat Duchatelet and Centigon brands, has a 40-year history in the business. It has supplied vehicles to royal families in the Middle East, African leaders, and top Western government officials, said Benoit Ceulemans, its vice-president.