9.2Chery Auto mulls building light truck, minivan plant in Henan

Chery Auto mulls building light truck, minivan plant in Henan

 

http://autonews.gasgoo.com/auto-news/1011999/Chery-Auto-mulls-building-light
-truck-minivan-plant-in-Henan.html

 

Shanghai, September 2 (Gasgoo.com) China's Chery Automobile Co is mulling
plans to set up a 1.77 billion yuan ($259 million) facility to produce
minivans and light trucks in Kaifeng city, Henan province, reports China
Business News on Wednesday, citing an informed people familiar with the
plan. 

 

The plant is expected to have an annual capacity of 200,000 minivans, 80,000
light trucks as well as an unnamed amount of agricultural vehicles. 

 

"This move proves that Chery has fully recognized where its major
competitive advantage lies and has decided to further tap the growth in the
second or even third tier cities," the people said. 

 

According to the report, Chery has been the top selling auto brand in Henan
since 2004. Henan province is also Chery's second largest sales market
domestically, following only Shandong province. 

 

Chery spokesman Jin Yibo refused to comment on the report but he didn't deny
it. 

 

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