Shaanxi Auto constructs mini van facility

• Source: Global Times
• [15:38 June 16 2009]
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By Shi Jierui

With a 3 billion yuan ($438 million) investment, Shaanxi Automobile Group Co Ltd began building its mini van manufacturing facility in Baoji city of Shaanxi Province yesterday.

Shaanxi Automobile Group is one of China's leading enterprises in producing heavy-duty trucks above 15 tons. Its entrance into the field of producing mini vans is a major adjustment of development strategy.

Fang Hongwei, Chairman of Shaanxi Auto, said the new factory would be able to produce 100,000 mini vans per year when the first phase of the project is done in 2012. The final capacity of the plant will be equivalent to 300,000 units.

Shaanxi Automobile Group sold 76,000 heavy trucks and buses in 2008.