Shanghai, November 9 (Gasgoo.com) Brilliance Auto has signed a deal on an Egyptian project with China-Africa Development Fund and BAG Group, worth a total of $75 million, Xinhua News reported.
Two branches, strategically located in Suez, Egypt are meant to be built up according to this contract, serving sales and manufacture functions.
The new plant to produce Brilliance’s sedans and vans is to be set up under joint efforts of the three in 2011. FRV, FSV and other light vehicles will start production in the second half of 2011, with an annual output of 30,000 units.
Reportedly Brilliance and BAG Group has long worked on joint projects for over 4 years. Through technological partnership with Brilliance, BAG Group assembles Brilliance autos with completely knocked-down parts and has shared product line with BMW.
Gasgoo: auto parts source
