国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

SAIC and Charoen Pokphand Group form Thai joint venture

Updated: 2012-12-10 05:37

By Han Tianyang (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

SAIC and Charoen Pokphand Group form Thai joint venture

The historic UK brand MG is now owned by SAIC, which has joined with Thailand's biggest conglomerate to produce 50,000 of the sporty cars annually. Zhen Huai / For China Daily

Moving to tap markets in Southeast Asia, China's largest automaker SAIC Motor Corp recently agreed to form a joint venture with Charoen Pokphand Group to produce its MG cars in Thailand.

The Shanghai-listed automaker said in a statement last week that it will have a 51 percent stake in the planned joint venture, and CP Group, the biggest conglomerate in Thailand, will hold the remaining 49 percent.

With initial investment of 1.8 billion yuan ($290 million), the joint venture is set to start production in 2014. It will have an annual production capacity of 50,000 vehicles at the outset, which could increase to 200,000.

It is the first SAIC joint venture with a foreign partner to produce its own brand passenger vehicles overseas, part of the company's efforts to greatly boost its foreign deliveries to 800,000 vehicles a year by 2015.

SAIC said that it also plans to export the Thailand-made MG to other Southeast Asian markets and some countries elsewhere that use right-hand-drive vehicles.

Nanjing Automotive Co purchased UK auto group MG Rover in 2005 following its bankruptcy. SAIC later merged with Nanjing auto and now makes its own passenger vehicles under the Roewe and MG brands.

Thanks to its successful partnerships with GM and Volkswagen, SAIC has become the leading automaker in China, but it still lags behind smaller domestic counterparts such as Chery Automobile Co and Great Wall Motors in overseas businesses for wholly owned brands.

Though it has annual sales of some 4 million units, SAIC exported only about 60,000 vehicles last year, the majority of them are Chevrolets made with its joint venture partner General Motors. The exports also included a small number of MG cars assembled at SAIC's plant in the UK.

According to domestic media reports, SAIC also plans to bring its wholly owned commercial vehicle brand Maxus Datong to Thailand for local production when the time is right.

An important auto-manufacturing hub in Southeast Asia, Thailand produced a record high of more than 2 million vehicles in the first 11 months of the year, nearly half of them for export. The Thai Automotive Industry Club previously said that the nation's annual automobile output will hit 3 million in five years.

Japanese carmakers currently lead Southeast Asian markets with massive production facilities in both Thailand and Indonesia.

hantianyang@chinadaily.com.cn

德昌县| 迁西县| 监利县| 车险| 凤山市| 延庆县| 酒泉市| 封开县| 沛县| 阜城县| 潼关县| 文登市| 容城县| 壤塘县| 辽宁省| 河北省| 安化县| 红桥区| 清新县| 桦川县| 钟山县| 澳门| 泰宁县| 高清| 江陵县| 青河县| 泰来县| 雅安市| 读书| 峡江县| 宜宾市| 邢台市| 永泰县| 柞水县| 香河县| 栖霞市| 乐昌市| 甘肃省| 汾阳市| 云霄县| 萍乡市|