SAIC Motor plans to roll out 20,000 energy-efficient vehicles in Shanghai and the Yangtse River delta area by 2012 and unload a heavy truck business.
Xiao Guopu, vice president of the automaker’s parent company told Reuters the volume could rise to 50,000, but gave no timeframe.
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Meanwhile, SAIC is in talks to sell Shanghai Huizhong’s heavy truck business to Weichai Power and the parent company of Sinotruck. “The talks are still ongoing,” Xiao said.
