Beijing November 18, 2019 / PRNewswire / – Chinese carmaker Brilliance China Automotive Holdings Limited ( “Huachen”), another Chinese carmaker Chongqing Lifan Holdings Ltd. (referred to as “Lifan Group”) entered into a collaboration to jointly build auto assembly plant in Uruguay. This is an important step Brilliance Automotive Group in the South American market towards.
strategic cooperation signing ceremony of the project was held in Montevideo, Uruguay on Tuesday.
The plant is located next to the south of Uruguay SAN JOSE Island Highway One, covers an area of 21 hectares (about 210,000 m2), a building area of 38,000 square meters, will focus on the car and engine assembly SKD assembly, single-class design production capacity of 20,000.
Under the agreement, the factory put into operation within three years, Brilliance Auto Group and Lifan Group will share the 18,000 sets of automobile production capacity, the annual output of 3,000 units of which the first, second year 5000, the third year of 10,000.
Brilliance Automotive Group plans to assemble this factory’s first model for the Chinese V3, the second paragraph of assembling cars for the Chinese V7, a growing number of Chinese cars will be speeding on the land of South America.
Uruguay as an important member of the main trade organization currently China’s most remote strategic partner in Latin America and Southern Community “along the way” initiative has important strategic significance in the South American market.
This cooperation will help the two sides to give full play to their respective advantages, to provide more quality for consumers to Uruguay and South American market, cost-effective Chinese car.
Brilliance Automotive Group Party Secretary, Chairman Yan Bingzhe at the signing ceremony pointed out that the strategic partnership is an important step Brilliance Automotive Group in the South American market has taken, it is the two sides through the sharing of resources, complementary advantages, to achieve self brand in the South American market, an important strategic layout of the development of deep plowing.
It is reported that, as an active participant “along the way” initiative, Brilliance Auto Group has been actively developing overseas markets, covering Asia, Africa, Latin America, Central and Eastern Europe and other regions.
View the original link: https: //en.imsilkroad.com/p/309382.html