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SAIC-GM-Wuling to set up new plant in Liuzhou

Nov. 20, 2012 (China Knowledge) - SAIC-GM-Wuling Automobile Corp, a joint venture of General Motors, Shanghai Automotive Industry Corp and Liuzhou Wuling Motors Co, said it has set up a net plant in Liuzhou, Guangxi Zhuang Autonomous Region, source reported.

General Motors and its Chinese partners invested RMB 8 billion or US$1.3 billion for the first phase of the project.

According to a statement, the new plant will produce Baojun branded vehicles with an annual output capacity of 400,000 units.

Established in 2010, the Baojun branded autos aim to meet the ever-growing low price passenger car needs in China as well as to complete with Chinese self-owned brand vehicles such as BYD and Geely.

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