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: 823 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
An authorised Ferrari dealership on Rokko Island has reported that 51 of the 53 Ferraris it had o...
POPULAR BLOG POSTS
Photo
Volkswagen's Golf R, which has been facelifted this year, was given 10bhp more in its latest...
Photo
At the opening of the new franchise at Lorbek Luxury Cars in Melbourne, Australia, Koenigsegg sho...
Photo
Toyota's newest, stylish, and most technologically-advanced small car, the all-new 2019 Corol...
Photo
Many car mods claim to increase your horsepower and make you the next Brian O'Conner, but how...
Photo
Renault-Nissan-Mitsubishi Alliance has announced that it has saved nine billion dollars from work...
   Lifestyle Articles