SAIC Motor Corp has opened a 150,000-unit production facility in Shanghai as part of an effort to lead China’s self-branded vehicle market.
Chen Zhixin, executive vice president of SAIC Motor said the 1.2 million-square-meter factory is located in Lingang Industrial Zone, 75 kilometers south of downtown Shanghai, and cost RMB2.9 billion ($424.2 million). The first phase will cover around 670,000 square meters.
It will be the nation’s largest auto maker’s third passenger car plant, enabling SAIC to have a total capacity of 300,000 self-branded cars a year in full operation.
Source: China Trade Information