Mahindra-Owned Ssangyong Motors To Ink JV With Shaanxi Automobile
By Carandbike Team
1 mins read
Published on October 13, 2016
- SsangYong will construct production facilities in China
- Will build Completely-built unit vehicles and an engine plant.
- This is its first overseas production facility
SsangYong will construct production facilities for Completely-built unit (CBU) vehicles and an engine plant. The plant will be spread across 1.23 million sq. mt. in the Economic Technological Developmental Zone in Xi'an, Shaanxi Province
The first phase of construction will establish a plant with an annual capacity of 1,50,000 units by the end of 2019 and the second phase will involve an expansion of the facilities to 3,00,000 units per annum. SsangYong will also establish an automotive cluster with its major suppliers that will also enter the market to ensure product competitiveness and start the production of SsangYong's current models and those under development in the second half of 2019.
Shaanxi Auto has its prowess in producing heavy and special purpose trucks and it also makes vehicles for the military. Shaanxi Auto is also adept at making small light commercial vehicle and pick-ups which is why this venture works perfectly well for Ssangyong and probably even Mahindra
SsangYong had been reviewing the central and western parts of China of the establishment of its first overseas production facility, taking into consideration the Chinese government's policies and the growth potential of the Chinese automotive market, the company said.
Ssangyong Motor CEO Choi Johng-sik commented "It is quite essential to have a local CBU plant in China to increase our competitiveness in the rapidly growing Chinese car market and to increase our sales volume."
Great Deals on Used CarsView All Used Cars
- 9,800 km
- 46,630 km
- 17,459 km
- 29,000 km
- 85,500 km
- 36,800 km
- 65,400 km
- 48,000 km
- 2,500 km
- 9,000 km
-14159 second ago
The latest iteration gets a slew of updated features and mechanical upgrades.
-7543 second ago
The brand is offering free service support through its dealer network in Chennai and other affected areas.
-4749 second ago
Toyota and its dealer partners have set up a special emergency helpline number and have a deployed the Hilux pickup for rescue and movement of submerged vehicles
1 hour ago
Starting from December 8, 2023 customers affected by the flash floods can avail free RSA, engine check-ups and other service benefits at the Yamaha service centers
2 hours ago
MG Motor India has introduced a December Fest sale with sizable benefits across its lineup with offers valid until December 31
2 hours ago
Ducati said that the price increase was due to a rise in operational costs and will affect select motorcycles on sale
3 hours ago
The Q6 e-Tron will boast an 800-volt electrical system, a 100 kWh battery offering a range of 373 miles, and dual electric motors generating up to 510 horsepower
19 hours ago
The made-in-India sport bike is powered by a 457 cc parallel-twin engine that puts out a peak 47 bhp.
20 hours ago
The new Triumph Bonneville Stealth Editions come with special hand-painted colours that change hues depending on the light
21 hours ago
The W175 Street gets alloy wheels and tubeless tyres, aside from new paint finishes
1 day ago
The measures will remain in place till December 31, 2023
1 day ago
The manufacturer also said that it would hike the prices of its commercial vehicle range
8 days ago
Mahindra reported a sales growth as compared to November 2022 though domestic SUV sales were down compared to October 2023.
8 days ago
The facelifted XUV300 gets a redesigned front fascia with new light clusters, enclosed grille and redesigned bumper
17 days ago
The Mahindra XUV.e8 is expected to share several components with the XUV700. The new spy shots reveal more details about the upcoming offering