Jump to content

MyCarForum Logo
Search
Magnifying glass

SEARCH

0

SAIC sets up production in Thailand

By SYF77 on 15 Dec 2012

Attached Image

Shanghai Automotive Industry Corporation (SAIC) has signed a deal with Thailand's Charoen Pokphand Group to set up an assembly plant in the land of thousand smiles. The investment will cost SAIC 1.8 million yuan in the initial stage.

Attached Image

SAIC will hold 51% stake in the joint venture while Charoen Pokphand Group will hold the rest of the 49%. Production will begin in 2014 with a minimum capacity of 50,000 units per year. With the investment, SAIC hopes to expand its business into the Association of Southeast Asian Nations.

Attached Image

The first model to be produced in Thailand will be the MG 6, which is also being manufactured in the UK besides China. From a cost point of view, it is more economical to set up plants in foreign countries than to export, probably due to savings in shipping expenses.

The MG 6 is based on the Roewe 550 sedan, which is in turn based on the Rover 75, a model dating back in 1999. The 4.6m long MG 6 is powered by a turbocharged 1.8-litre k-series engine producing 160bhp. All models are equipped with a 5-speed manual transmission.

other news, thailand, saic, asean and 10 more...

Viewed: 791 times

Related Blog Posts
SYF77
Written by SYF77
I have been a car fanatic since 1989, when my father was changing our family car then to a Toyota Corolla 1.6 GL fitted with a Twin Cam 16 valve engine that was carburetor-fed, a big deal back in those days. The automobile technology and industry fascinates me and I hope to broadcast these interesting developments to everyone out there through this blog.



 
Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Photo
Purchase MPM engine oils and stand a chance to win $500 cash and a three-year supply of MPM...
POPULAR BLOG POSTS
Photo
The British firm's first EV could go into production as early as 2019 and will build on EXP12...
Photo
Bridgestone showed their support to Singapore Polytechnic’s SunSPEC5 solar car team before they h...
Photo
“I, Halimah Yacob, having been elected as President of the Republic of Singapore, do solemnly swe...
Photo
As part of its future plans, Mazda has announced that it will be introducing a new generation of...
Photo
Nissan has pulled the cover off the concept car, ahead of its public debut at the 2017 Tokyo Moto...
   Lifestyle Articles