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Raul 04-21-2006 01:01 PM

Mitsubishi/Soueast Motor news
Mitsubishi Motors has agreed to take a 25% share in Soueast (South East) Motor Co (SEM), which is located in Fujian Province.

Under the agreement Mitsubishi Motor will take 20 percent of Soueast shares this year and its shareholding will rise to 25 percent next year.


Xinhua News

Soueast (SEM) is authorized to produce vehicles with the brand of Mitsubishi and it will learn from Mitsubishi's expertise through the cooperation, said Soeast (SEM) president Lin Yuzhang.

Mitsubishi was optimistic about the Chinese market and hoped to build SEM into its production and sales base of sedans, multi-purpose vehicles and light commercial vehicles, said president Osamu Masuko.

SEM is the largest auto joint venture with investment from across the Taiwan Straits, producing and selling 300,000 vehicles every year.

It was jointly founded in 1995 with a registered capital of 138 million U.S. dollars by Fujian Auto Industrial Co., Ltd and China Motor Corporation of Yulon Enterprise Group, the largest auto group in Taiwan.

Under the new agreement, Fujian Auto Industrial will keep its 50 percent shareholding while the Taiwan company will transfer some of its shares to Mitsubishi.

Mitsubishi holds 14 percent of the motor corporation of Yulon (Yue Loong) and has been providing technologies for SEM, according to Lin Yuzhang.

Admin 04-21-2006 06:45 PM

this is great news!!

congrats to SEM!!!!!

Admin 04-22-2006 10:42 AM

IF SEM keeps growing, i might have to add a forum for them soon :p

The Alchemist 04-28-2006 07:55 AM

Soueast Lioncel is one of my favorite Chinese made cars at the moment. Not saying much but still a decent car.

sherif 05-20-2006 07:50 AM

I did not find soueast company among the chiness car manufacturers

Admin 05-20-2006 02:26 PM

its there....just not in the forums...and welcome to chinacarforums sherif :)

Shults 06-04-2006 03:49 PM

I know why.
Now Souesast also begin export their product outside China. and Mitsubishi, which during last year has good selling only in Russia, Ukraine and some Western European countries... Mitsubishi Motors Corporation certainly doesn't like this.:thumb:

fightingtorque 06-07-2006 05:17 AM

looking forward to the Lioncell Evo I coming out!!!!!!

AXLE 06-07-2006 11:10 AM

They are gonna be making the Evo 1? really? Sounds intersting...

dirextor 03-14-2008 03:15 PM

Soueast news
5 Attachment(s)
Hello everybody!

Is someone knows what connection between Jackie Chan and Soueast Motor Co LTD? I have found a news topic on an official site of Soueast but cannot translate it. There is some photos from thise site, i had downloaded:

It seems to me, that Jackie Chan is a person of the company and will represent production on external and a home markets. Correct me if I wrong, pls.

P.S. Sorry about my English.

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