China Car Forums - View Single Post - Zhongxing news
Thread: Zhongxing news
View Single Post
Old 01-15-2008, 09:05 AM   #5
CCF mod
Senior Member
 
CCF mod's Avatar
 
Join Date: Feb 2007
Location: Slovenia, Europe
Posts: 16,013
Default

Zhongxing Opens New Plant

Quote:
January 02, 2008 - Zhongxing Automobile Co. will complete the construction of its second assembly plant in Changchun in 2008 and assemble a new crossover there.

The crossover, the company's first, will be launched in late 2008 or early 2009, says Su Juliang, vice president of Zhongxing's sales company.

Su says Zhongxing will probably also transfer the production of its Landmark SUV from its home plant in Hebei province to the new plant.

The new plant, adjacent to Zhongxing's first plant in Changchun, will have a production capacity of 200,000 units per year. Su says it will expand Zhongxing's total capacity to 380,000 units.

According to Automotive Resources Asia, a division of J.D. Power and Associates, Zhongxing only produced 37,998 units in the first eleven months of this year.

"Our capacity utilization rate is not high," Su say, "The expanding capacity is for the follow-up products planned."

"We need more orders," he says.

Changling Group, Zhongxing's partner in Changchun, says the total area of the new plant is 945,697 square meters. Also planned at the site is an engine and transmission plant with an annual capacity of 500,000 units.

Zhongxing will show the Grand Tiger pickup and Landmark SUV at the North American International Auto Show in January. It also plans to sell these two models in the United States through distributor Chamco, of Parsippany, N.J., starting in late 2008
Source: Automotive News
CCF mod is offline   Reply With Quote