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GM, SAIC induction light open new JV in Shenyang
GM, SAIC induction light open new JV in Shenyang
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GM, SAIC open new JV in ShenyangPublished: 18 Dec 2008 02:34:36 PST
Dec. 18, 2008 (China Knowledge) - General Motors (GM) and one of its JV partners in China, Shanghai Automotive Industry Corporation (SAIC) Wednesday opened a new passenger-vehicle plant in Shenyang, Liaoning Province in northeast China, sources reported.
With a total investment of RMB 2.67 billion, the new plant is the second joint venture by GM and SAIC in Shenyang. Set to begin full production of Chevrolet Cruze compacts in the second quarter of 2009, it will be able to produce as many as 150,000 vehicles per year, GM said.
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