21
Aug
01:00
China's SAIC targets Indonesian automotive sector
The Chinese-owned SGMW Motor Indonesia says it hopes to have a 10% share of the Indonesian automotive market by 2022. It is building its first factory in the country by 2017 and its parent has an existing relationship with Baosteel, Kallanish notes.
The 150,000 units/year plant is due to commission in July 2017 and will produce Wuling-brand MPVs. The factory will be controlled by SGMW Motor in China, in which Shanghai’s SAIC has a 50% stake. General Mo…
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