Shanghai car
12/3/2004 15:51
Shanghai will develop its own automobiles, and plans to produce 50,000
such cars by 2007, a senior official with Shanghai Automotive Industry Corp's
auto engineering institution.
March 11, at a session during the ongoing China
Automotive Industry Roundtable the official said his company has set up a work
group to develop the Shanghai-patented car. The group's Shanghai Automotive Co
Ltd. will handle the development and its Yizheng production center will
manufacture the vehicle.
Analysts expect SAIC will tap the new models from
lower-range products, such as economy cars, referring to the company's
technology and the existing auto market.
Currently, all the automobiles
produced in Shanghai are imported models.
Jane Chen / Shanghai Daily news
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