BAIC 4 divisions will make sedans
Yesterday, the general manager of Beijing Auto Ltd. Yao Changsheng said that the plant in Shunyi County will become a production base for sedan, mid and high class sport utility vehicle and military vehicle." Together with Beijing Benz and Beijing Hyuandai manufacturing enterprises, the four auto plants under Beijing Auto holdings will have sedans production line.
Earlier, Zhao Jingguang, a senior executive of Foton Automobile Co. Ltd. also said Futon is prepared to enter the sedan field to produce economical cars priced about 70,000 yuan, with their own brands names.
According to China's auto industry policy, any auto group with sales accounted for more than 15% of total sales in the nation can make its programming by their own. Beijing Auto Holdings car sales reached 685,100 last year, accounting for 9.41% of overall sales in the industry. In order to achieve its goals, the four major auto plants are expected to outperform the expectation: by 2010, the sales of Beijing Auto Ltd,. Beijing Foton Auto and Beijing Hyundai reached 150,000, 1 million and 550,000 units respectively, vehicles, adding Benz, the total number of vehicles will exceed more than 1.7 million units.
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