According to reports, Fujian Daimler Chrysler Vans Ltd, co-established by Chinese Fujian Automobile, German Daimler Chrysler and Taiwan Zhonghua Motor, has got a business license from the Administration for Industry & Commerce of Fujian on June 8. The total investment of the joint venture amounts to over EUR200m.
It was also reported that Fujian Automobile and Daimler Chrysler held 50% and 33.78% shares in this new company with the rest held by Zhonghua Motor. The planned annual production capacity of this new joint venture is 40,000 sets, mainly producing medium and light buses, including Mercedes-Bens Vito, Viano and Sprinter in the initial stage.
Currently the company is filing for other relevant certificates and it is scheduled to start operation by the mid-term of 2009.
