Jinbei Auto initiates a light truck project in Shenyang Auto Zone

by Karen Di   2011-03-30

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SHENYANG, Liaoning – Jinbei Auto, a subsidiary of Brilliance, recently initiated a light truck manufacturing project in the Shenyang Auto Zone with an investment of ¥1.49 billion ($225 million), expecting to have an annual output capacity of 90,000 units, reported.

Also, within this year, Brilliance is to invest ¥1 billion to establish a R&D center with an area of 200,000 square meters in the Auto Zone as well.  

Last year, Shenyang Auto Zone saw a year-on-year growth of 47.4 percent in whole vehicle production with 565,000 units, increasing output value 45.3 percent from 2009, with revenues of ¥57.89 billion. It expects to have 687,000 units produced this year and an annual production scale of 1 million units as well as output value of ¥100 billion by 2012.

Shenyang Auto Zone is located in the Da Dong District in east of Shenyang Province covering an area of 500,000 square meters. 

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