Shanghai September 17 (Gasgoo.com) Brilliance Auto broke ground yesterday on its new specialist vehicle factory in Shenyang, capital of Liaoning Province, China, the automaker's a new move to venture outside the traditional automotive sector, The Beijing News reported Friday.
Brilliance executives revealed that the new specialist vehicle company would have mixed ownership structure in the future. Moreover, Brilliance Auto also plans to establish a joint venture with Toyota Motor based on the Shengyang plant at the end of this year.
With total investment of 570 million yuan ($84.7 million), the new plant will be used for development, production and sales of various specialist vehicles.
On July 15, one of Mercedes-Benz's Chinese assembly plants signed an agreement with Brilliance Auto for cooperation on the Mercedes-Benz Specialist Vehicles.
China's special-purpose vehicle sales will break 1 million units this year, from which Brilliance expects to get a 20% market share, Qi Yumin, Chairman of Brilliance Auto said earlier.
