SAIC to build 1.7 billion yuan RV plant
SAIC Motor Corp. plans to construct a 1.7 billion yuan ($254 million) plant in eastern China's Jiangsu province to build RVs.
The factory in Liyang, Jiangsu, will produce up to 16,000 RVs a year when fully operational, the company said. SAIC did not disclose a timetable for the plant's construction.
The vehicles will be adapted from SAIC's Maxus-brand vans, which were developed from a platform that SAIC bought in 2009 from LDV Group, a bankrupt U.K. commercial vehicle maker.
SAIC builds the Maxus vans in Wuxi, another city in Jiangsu province. The Wuxi plant can produce up to 100,000 vehicles a year. SAIC is expanding the plant to add output of large SUVs and multipurpose vehicles.
In the first half of the year, SAIC sold 21,598 Maxus vans in and outside of China, an increase of 38 percent from the same period last year.
SAIC, headquartered in Shanghai, also builds passenger vehicles under the Roewe and MG brands. It also runs passenger vehicle joint ventures with General Motors and the Volkswagen Group.
The factory in Liyang, Jiangsu, will produce up to 16,000 RVs a year when fully operational, the company said. SAIC did not disclose a timetable for the plant's construction.
The vehicles will be adapted from SAIC's Maxus-brand vans, which were developed from a platform that SAIC bought in 2009 from LDV Group, a bankrupt U.K. commercial vehicle maker.
SAIC builds the Maxus vans in Wuxi, another city in Jiangsu province. The Wuxi plant can produce up to 100,000 vehicles a year. SAIC is expanding the plant to add output of large SUVs and multipurpose vehicles.
In the first half of the year, SAIC sold 21,598 Maxus vans in and outside of China, an increase of 38 percent from the same period last year.
SAIC, headquartered in Shanghai, also builds passenger vehicles under the Roewe and MG brands. It also runs passenger vehicle joint ventures with General Motors and the Volkswagen Group.
