BRAZIL: JAC hosts JV ground breaking ceremony
A ground breaking ceremony has been held at the site of the JAC joint venture plant in Brazil.
The US$250m plant will cover 4.7m sq m. Local firm SNS will hold 66% shares while JAC will have the rest.
Annual capacity is 100,000 units and the plant is expected to create about 3,500 direct jobs and 10,000 indirectly. Facilities will include four manufacturing sections, a test track, a research centre and an emissions lab.
Bahia governor Jaques Wagner said he hoped the joint venture would encourage other Chinese companies to come to his state.
JAC launched its first car to Brazil in 2011 and has since shipped 37,725 units, making it China's top vehicle exporter.
- Management briefing: Paris show preview
- VEHICLE ANALYSIS: BMW i8
- Jaguar's XE spearheads new industrial strategy
- THE WEEK THAT WAS: Paris gets closer
- VEHICLE ANALYSIS: Renault Twingo
- PARIS DEBUTS: Honda CR-V facelift
- EC gives Germany two months to comply with MAC
- Ford recalls 850,050 cars for airbag systems check
- Ford lowers 2014 pre-tax profit outlook
- Opel/Vauxhall issues 'do not drive' warning
- Jaguar Land Rover: Providing remarkable growth throughout the economic downturn
- Ethiopia - ISA Country Report
- Analysis of over 140 Lithium-based Rechargeable Battery Manufacturers: Chemistry, Strategy, Success
- Ford Motor Company - Strategy and SWOT Report
- PLDB - vehicle cycle plan database (annual subscription)