GM's Chinese joint venture to build $1 billion plant in Chongqing

Article Tools
Reprint Reprints image Print
Send a letter Respond Size: larger  smaller
Related Topics
November 28, 2012 - 9:24 am ET

(Reuters) -- General Motors Co. and its Chinese joint-venture partners said today they plan to build a $1 billion auto assembly plant in the city of Chongqing as part of its push to remain the leader in the world's largest auto market.

GM, SAIC Motor Corp. and Wuling Motors Holdings Ltd. said they will begin construction of the plant early next year pending relevant Chinese government approvals. The 6.6 billion Chinese yuan ($1.06 billion) first phase is scheduled to open in 2015.

The plant will have an annual production capacity of 400,000 vehicles and engines, although the partners did not disclose what vehicles will be built there.

The new plant is part of SAIC-GM-Wuling's push to reach its production target of 2 million vehicles per year by the end of 2015.

Contact Automotive News

image Print   Send a letter Respond to Editor   Reprint Reprints        

COMMENTS

Have an opinion about this story?
Click here to submit a Letter to the Editor, and we may publish it in print.

Or submit an online comment below

Readers are solely responsible for the content of the comments they post here. Comments are subject to the site's terms and conditions of use and do not necessarily reflect the opinion or approval of Automotive News. Readers whose comments violate the terms of use may have their comments removed or all of their content blocked from viewing by other users without notification.