Hawtai Motor establishes strategic partnership with BWI

• Source: Global Times
• [11:18 December 28 2010]
• Comments

Hawtai Motor has established a strategic partnership with Beijing West Industries Co., Ltd. (BWI) in an agreement signed last Saturday in an attempt to improve the company's capacity on independent innovation, the Beijing Daily reported Tuesday.

BWI, owned by Shougang Group, will partner up with Hawtai to develop auto parts and vehicles.

With over 12 billion yuan ($1.8 billion) in total assets, Hawtai Motor has a capacity of producing 300,000 IV/V diesel engines for passenger vehicles, 450,000 automatic transmissions and 350,000 vehicles a year.