Posts Tagged ‘plant’
Published on 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.
Published on 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.
Published on 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.
Published on May 9, 2013 by Joey Wang
General Motors, the largest foreign automaker in China, said it won regulatory approval to build a Cadillac factory to boost sales of luxury vehicles in the world’s biggest automobile market.The National Development and Reform Commission has signed off on the plant, which will be located in Shanghai’s Jinqiao zone, with construction beginning in June.
Published on May 6, 2013 by W.E. Ning
Billboards along Southern California’s Antelope Valley Freeway read “Lancaster welcomes BYD”, heralding the opening of a bus factory by the Chinese maker of electric vehicles and batteries.
BYD Co on Wednesday became the first company from China to announce it will produce vehicles in the United States. It plans to build as many as 1,000 plug-in electric buses a year at a refurbished recreational-vehicle factory in the Mojave Desert city of Lancaster.
Published on March 19, 2013 by Joey Wang
Volvo Car’s new manufacturing plant will begin production in June in Chengdu, capital of Sichuan province in Southwest China, China Business News reported Monday citing sources within the industry. The first model to be made in the factory is the new S60L, a stretched variant of the Volvo S60, which is set to roll off the assembly line in large-scale production by October.
Published on March 4, 2013 by Joey Wang
Chinese carmaker Geely is expected to invest 2.5 billion yuan (398 million U.S. dollars) to build its largest powertrain manufacturing center in the coastal city of Ningbo, according to an agreement signed between Geely and the local government on Thursday.
Published on December 12, 2012 by Joey Wang
China’s car maker BYD Co Ltd signed a joint-venture agreement on Tuesday with a Bulgarian partner to build an auto assembly plant in the country. The 50/50 joint venture will largely manufacture electric cars and buses, said Alexander Usachev, chief executive officer of Bulgarian energy giant Bulmineral Ltd, Xinhua News Agency reported.
Published on December 10, 2012 by Joey Wang
Toyota Motor Corp is set to delay the launch of a new production line at its plant in Tianjin, northern China, because a decline in its Chinese sales is likely to continue for the foreseeable future, Japan’s Asahi newspaper reported on Sunday
Toyota had hoped to complete its new fourth line at the plant, with annual capacity of 200,000 vehicles, around December 2014. The Asahi report, which did not cite any sources, said recovery of Toyota’s sales in China would determine a new schedule for the production line.
Published on December 6, 2012 by Joey Wang
China’s SAIC Motor, MG’s parent company, on Tuesday signed an agreement with Thailand’s Charoen Pokphand Group to build a joint venture plant in Thailand to make MG cars, SAIC said in a statement posted on its website.