Fiat
has opened its second automotive factory in China in 50 days, the Xinhua News
Agency reported.
Magneti Marelli Powertrain (Shanghai ) Co. Ltd produces car engines and related
components and is seen by industry insiders as a sign of the Italian car maker’s
determination to succeed in China.
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PWC
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The Shanghai plant was been funded solely by Fiat, Xinhua News Agency said.
The agency said that Huadong Teksid Automotive Foundry Co. Ltd, set up in Zhanjiang
City, in east China’s Jiangsu Province, is a joint venture between Fiat and
two Chinese partners and is the largest car cylinder block casting plant in
China.
The new company covers 15,000 square metres of floor space in a bonded zone
in the Pudong District of Shanghai.
Its annual production capacity in the first phase of 150,000 car throttle assemblies
is expected to expand to 900,000 by 2003.
Fiat’s Shanghai plant will also provide electronic engine management systems
for China’s major car producers which include Volkswagen , General Motors , Citroen
and Honda with several more ventures still in the planning stages.
Magneti Marelli spokesman Hu Hongxing told Xinhua that plant was built as a
result of Fiat’s analysis of the Chinese vehicle industry’s growing demand
for electric fuel injection management systems for both petrol and diesel engines.
Fiat’s dominance of the related technology will help China’s car producers
improve fuel efficiency and reduce exhaust emissions, the spokesman said.
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