TAIWAN: Yulon building plant in mainland China
A report from AutoAsia Online says that Yulon Motor Corp., Nissan's longstanding partner in Taiwan, is to invest US$16 million to set up a plant in Hubei Province, China. Until now, the best information was that Yulon would invest US$11 million. Yan Kaitai, chief executive of Yulon Group and vice president of Yulon Motor, told AutoAsia Online that Taiwanese manufacturing firms must look to China for future growth. Yulon, he concluded "has to go overseas and mainland China is a good choice", especially as the local market continues sluggish.
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