GAC Gonow reveals next five-year plan
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GAC Gonow Auto Co., Ltd released its next five-year plan (2011-2015) at a press conference last week, saying that the company aims to raise its production capacity to 500,000 units by the end of 2015.
A joint venture (JV) by Guangzhou Automobile Group Co. (GAC) and Gonow Auto, GAC Gonow was co-founded on December 9, 2010.
Mou Xue, president of the JV said GAC holds 51 percent of Gonow's shares.
GAC's joining in has greatly enhanced dealers' confidence, Mou added.
Qi Guojun, deputy president of the JV said the company plans to manufacture 80,000 units in its Luqiao base, 270,000 units of mini vehicles in its Xiaoshan base in Hangzhou and 150,000 sports utility vehicles (SUVs) in Dongying base in Shandong.
Among all the new models, GA6463, a city SUV, is the most popular one.
Measuring 4.6 meters long and 1.82 meters wide, the model will feature a 2.0L or 1.8 L engine with a six or five-speed manual transmission or a 7DCT transmission developed by GAC.
According to the company's plan, the model will be manufactured in Dongying, Shandong Province in July, 2013.
