Under an agreement between SAIC and Ssangyong, SAIC was to build a China-customized version of the mid-sized SUV from semi-knockdown kits supplied by Ssangyong, the report quoted Gu Feng as saying. Gu is CFO of SAIC Motor Co., which is SAIC's subsidiary listed in Shanghai. 

 

After Ssangyong filed for bankruptcy protection in February this year, many of its suppliers in Korea also sought bankruptcy protection. That has affected parts supply for the SUV project, Gu was cited as saying. 

 

SAIC will have to wait until after Sangyong and its key suppliers emerge from bankruptcy protection before it can start producing the SUV at its Yizheng plant in east China's Jiangsu province, the report said. 

 

In addition to the SUV, which is also known as the S100 project within SAIC, SAIC is also developing a mid-sized sedan using an Ssangyong platform. The sedan will be sold under the Roewe brand. 

 

SAIC has been accused of technology theft by Ssangyong's workers.  

 

But the fact is SAIC has paid technology transfer fees to its Korean subsidiary for building the SUV as well as the new Roewe model in China, the paper said, citing Gu.

 

Ssangyong's Kyron SUV