CHINA: China’s Southeast Fujian automotive expects more sales
FUZHOU - Southeast (Fujian) Automotive Industry Co., Ltd., a joint venture between east China's Fujian Province and Taiwan, is expected to realize 3.2 billion yuan (US$386.6 million) in sale revenue and 270 million yuan in gross profits this year. The largest auto project launched with a Taiwan firm, the joint venture has generated 3.8 billion yuan in output value and more than 300 million yuan in gross profits in its five years of operation.
FUZHOU – Southeast (Fujian) Automotive Industry Co., Ltd., a joint venture between east China’s Fujian Province and Taiwan, is expected to realize 3.2 billion yuan (US$386.6 million) in sale revenue and 270 million yuan in gross profits this year.
The largest auto project launched with a Taiwan firm, the joint venture has generated 3.8 billion yuan in output value and more than 300 million yuan in gross profits in its five years of operation.
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