Market & Industry
Pangda to cooperate with Korean SsangYong

Gasgoo.com (Shanghai June 18) - Pang Qinghua, chairman of Pangda Automotive Holdings, has agreed to cooperate with Korean automobile maker SsangYong Motor, the Beijing Times reported today. The two parties signed an agreement last week at SsangYong's factory in Pyongtaek, South Korea. Pangda will become Ssangyong's official dealer in 21 provinces in the country.

Jun. 19 , 2011
Chery preparing to open new subsidiary company

Gasgoo.com (Shanghai June 15) - Chery is getting ready to open a subsidiary company researching ways for the manufacturer to enter the 100,000 yuan (around $15,000) market, the Beijing Youth Daily reported today. "Our company is currently doing preparatory work," Xiang Ming, head of Chery's market research." However, Chery's top executives are currently not disclosing any detailed information.

Jun. 16 , 2011