The Sino-French venture Dongfeng-Citroen Automobile Company Ltd is raising its production capacity to 300,000 units per year by 2007 or 2008, writes Asian news sources Monday (13/11/00).
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
According to the English-language China Daily newspaper, this production increase by the company – based in the Hubei province, Central China – may possibly result in the establishment of an additional car manufacturing site in China.
The joint venture, which produces Fukang units (based on the Citroen ZX model) with 1.3- to 1.6-litre engines, sold 43,000 units in the first 10 months of this year – a 23 per cent increase over the same period last year. Central Government recently gave approval to the firm for its first-phase output of 150,000 units by 2003 or 2004, says the article.
Citroen – which has a 25 per cent holding in the joint venture – is set to launch its Picasso model through this venture by the year’s end, says China Daily.
