Shanghai GM (Shenyang) Norsom Motors, GM China's joint venture with SAIC and Shanghai GM, has started construction of its new RMB7billion ($1.1bn) manufacturing facility in Shenyang, China.
The new plant which is located in Shenyang's Auto City Industrial Park is expected to start operations in 2014. The new plant will include press, body, paint, general assembly and powertrain shops as well as support facilities. It will have an annual production capacity of 300,000 vehicles and 450,000 engines when it begins operation in 2014. Its products will be sold by Shanghai GM. The new plant covers an area of nearly 2 square kilometers.
GM China Group president and managing director Kevin Wale said the new plant is an important component of the company's five-year plan for continued success in China.
"It will enable us to keep up with the rising demand for our products across China and at the same time, it will contribute to the growth of the economy in northern China and the region's automotive base," Wale said.
Shanghai GM holds a 50% stake and oversees management, while GM China and SAIC each hold 25% stakes in the JV.
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