Jump to content


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: 721 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
Driving an old car with almost no modern features in it? Or just love adding new accessories for...
POPULAR BLOG POSTS
Photo
The all new Honda Freed has gone on sale in Japan and comes with hybrid and normal petrol variant...
Photo
The last and final LaFerrari will be built and auctioned off to aid the victims of the deadly ear...
Photo
In order to raise funds, Proton might be selling the British brand to save itself. Almost 20 othe...
Photo
More photos of the BMW 1 Series sedan have already trickled out on the internet ahead of a report...
Photo
Volvo Cars and Uber, the world’s leading ride-sharing company, are to join forces to develop next...
   Lifestyle Articles