Shanghai. March 4 (Gasgoo.com) - Liaoning Shuguang Automotive Corp invested 600 million yuan ($83.80 million) to build SUV and pickup truck plant in Shenyang, the capital city of Liaoning province in northeastern China, state news agency Xinhua reported yesterday.
With a projected annual capacity of 500,000, the SUV and pickup plant will start operation by July of 2009. Last year, Shuguang Automotive sold a total of 11,322 SUV vehicles in Chinese market.
Shuguang Automotive Corp. Ltd. is an international automotive industry group, with 11 manufacturing facilities, 2 overseas offices in USA and South Korea and 4 technical centers in China. In the domestic automotive industry, SG is one of the major OEMS. And in this role, SG is the largest manufacture of light-duty axles and one of the largest manufactures for automotive brake systems, according to the automaker's official web.
Shuguang has 13 state-of-the-art bus assembly lines, 1700 machining units and can produce 5000 buses and chassis for 6000 units. SG has 20 bus series with 161 models total. Vehicles length ranges from 8 to 12 meters. They meet various needs such as public transportation, tour bus, long distance travel and commercial usage. It has a complete product mix heavy to light duty, from upper-end luxury to lower-end economy models. Huanghai Bus covers 96% of the China market, and is exported to many foreign countries.