Guangzhou Automobile plans to roll out its first self-developed car later this year, according to reports.
Reuters cited remarks by the company’s group vice general manager.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The report also said that Guangzhou Automobile is set to sign a cooperation deal with a small automaker in Zhejiang province later this month.
Local media said it had reached an initial agreement to take a controlling stake in Chinese vehicle maker Gonow Auto.
