Home
/ China News / News detail
Tianjin FAW-Xiali to ship 25,000 sedans to Mexico
Shanghai. December 6 (Gasgoo.com) –Tianjin FAW Xiali Automobile Co, a unit of FAW Group (First Auto Works), will ship 25,000 sedan vehicles to Mexico, state-run local newspaper Tianjin Daily reported.
"The 2,500 Weizhi sedan vehicles will go on sales in Mexico market by January 2008,” said Yang DongLiang, vice mayor of Tianjin at the ceremony for this event.
The 25,000 Weizhi sedan exports is part of the 4,500 vehicles zero-duty import contract reached in November between Tianjin FAW-Xiali and its Mexican partner.
Last month, Tianjin FAW-Xiali signed a strategic partnership agreement with Mexican company GRUPOEIEKTYA. Under the agreement, Tianjin FAW-Xiali and the Mexican company will start a $150 million joint venture assembly plant in Mexico.
The joint venture, with an annual capacity of 100,000 vehicles, will start to produce Weizhi sedan by 2010. The vehicles will be sold in Mexican and Latin American markets.
Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:buyer-support@gasgoo.comSeller Service:seller-support@gasgoo.com
All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com
