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Mitsubishi to Partner with Changfeng to Meet Increasing Demand for SUVs in China
15 January 2008
Shanghai Daily. Mitsubishi Motors and Hunan Changfeng Motors are setting up a venture to meet increasing demand for SUVs in China.
The venture will initially make as many as 100,000 sedans and SUVs a year. This production may eventually double.
Mitsubishi, Japan’s fastest-growing auto exporter, follows Toyota Motor Corp and Nissan Motor Co in adding capacity in China, as economic growth boosts demand for vehicles.
“Having a venture like that will help Mitsubishi sell more vehicles in China,” said Wang Liusheng, an analyst with China Merchants Securities Co in Shenzhen. “Changfeng will be able to add more models in its lineup.”
January 15, 2008 in Brief | Permalink | Comments (5) | TrackBack (0)
Comments
Posted by: sulleny | January 15, 2008 at 11:24 AM
Jeep was one of the first car companies in China making an SUV, because China thought those vehicles had utility. You could use them to haul people and things.
Posted by: sjc | January 15, 2008 at 06:02 PM
Where's the Peking bashers?
Posted by: sulleny | January 15, 2008 at 06:46 PM
This post is so quiet it's terrorfying.
Posted by: sulleny | January 16, 2008 at 05:32 PM
Chinese cars are going to be something to watch. Convention thinking might say that look at the Japanese and then the Koreans and now the Chinese. China seems to be a lot more advanced than most people may think. They could come out with an advanced car at a low price and shake up the market. The VW Beetle did it and the small Japanese pickup did it.. why not?
Posted by: sjc | January 17, 2008 at 11:28 AM
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"a venture to meet increasing demand for SUVs in China."
Okay, but if it wasn't for GM selling the concept of big SUVs to all those Chinese, they wouldn't want them. Chinese people like small cars by nature - only a freak of nature like world-wide imperialism would have made these poor people want big, gas guzzling passenger trucks.
Thanks GM.