Daewoo Motor Co has announced plans to start producing large trucks at its joint venture with China’s Guilin Auto Industry Group, Guilin Daewoo Bus Co.
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Daewoo said the move was intended to help its sales in the Chinese market, which are growing by 30 per cent a year. The two companies plan to turn out 1,000 trucks this year, and raise the joint venture’s production capacity to 10,000 units by 2005.
Guilin Daewoo currently produces more than 2,500 buses annually, making them the top producer in the Chinese bus market with a 30 per cent market share.
Details of how the South Korean automotive market is performing domestically and globally can be found in the new just-auto report “The South Korean vehicle industry: a strategic review“
