Southeast Motor to double capacity to 300,000 by 2013

Shanghai July 22 (Gasgoo.com) Fujian-based Southeast Motor (SEM), a Chinese partner of Mitsubishi Motors, announced yesterday that it plans to expand its annual production capacity from current 150,000 units to 300,000 units by 2013 on the rising demand in the domestic market, media reported.

"SEM posted a year-on year sales growth of 100% in the first half of this year, and it certainly can accomplish the full-year sales target of 120,000 units for 2010," a top executive at the company said.

"By 2012, SEM will boost both output and sales to 200,000 units from the current level of 150,000 units. And if necessary, the company may build a new plant," the top executive added.

Moreover, SEM will put six models on the Chinese market from 2010 to 2012. In addition to Mitsubishi's small SUV RVR and Colt car, it will launch several self-developed models including the V3 electric car, an economy car, an MPV and a SUV. Obviously, SEM has an inclination of launching more own-brand models to the market.