SsangYong enters JV with China's Shaanxi to set up new plant

dZired · 13th October 2016, 13:22

SsangYong Motor Company, which is currently under the realms of Mahindra & Mahindra, has entered into a Joint Venture with China-based Shaanxi Automobile Group. This JV is a part of SsangYong's plans to set up a manufacturing facility in China and expand its presence in the country's growing market.

Under the said JV, SsangYong and Shaanxi will be setting up a production facility for CBU vehicles, along with an engine plant in the Xi’an Economic and Technological Development Zone in Xi’an, North-West China. By the end of 2019, the first phase of the plant's construction is expected to be completed. This would give SsangYong a production capacity of 150,000 units per year, which will be taken up to 300,000 units with the second phase. This would mark SsangYong's first overseas production base.

The JV will now be focusing on obtaining necessary approvals from SsangYong’s Board of Directors, the governments of Shaanxi Province and Xi’an, and the central government of China. The automaker is hoping to start production at the China plant in the second half of 2019.

SsangYong enters JV with China's Shaanxi to set up new plant-unnamed.jpg

Link to Team-BHP News

volkman10 · 9th August 2024, 16:36

No plans to set up JV with China's Shaanxi, says M&M.

Quote:

In the report filed from New Delhi, the news agency said the two business groups have agreed to set up a $3 billion joint venture to build a car manufacturing plant in India and are awaiting New Delhi's approval.

Mahindra & Mahindra has clarified that 'there is no truth' in speculation that the group has sought government approval to set up an integrated car manufacturing faciltiy in Gujarat in association with China's Shaanxi Automobile Group.

The company did not get into the details or clarify whether it was in any kind of talks with the Chinese company.

Link:

13th October 2016, 13:22	#1
dZired Senior - BHPian Join Date: Jun 2012 Location: Bengaluru Posts: 1,868 Thanked: 7,972 Times View My Garage	SsangYong enters JV with China's Shaanxi to set up new plant SsangYong Motor Company, which is currently under the realms of Mahindra & Mahindra, has entered into a Joint Venture with China-based Shaanxi Automobile Group. This JV is a part of SsangYong's plans to set up a manufacturing facility in China and expand its presence in the country's growing market. Under the said JV, SsangYong and Shaanxi will be setting up a production facility for CBU vehicles, along with an engine plant in the Xi’an Economic and Technological Development Zone in Xi’an, North-West China. By the end of 2019, the first phase of the plant's construction is expected to be completed. This would give SsangYong a production capacity of 150,000 units per year, which will be taken up to 300,000 units with the second phase. This would mark SsangYong's first overseas production base. The JV will now be focusing on obtaining necessary approvals from SsangYong’s Board of Directors, the governments of Shaanxi Province and Xi’an, and the central government of China. The automaker is hoping to start production at the China plant in the second half of 2019. Link to Team-BHP News Last edited by dZired : 13th October 2016 at 13:23.
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