BAIC-produced Foton Midi Image:BAIC
The company, which made a significant investment in purchasing part of the Scandinavian Saab brand in 2009, will use the designs and engine technology it acquired to launch new compact, mid-sized and larger sedan models - 11 in all on four different platforms.
The company has set a goal of joining other larger automotive firms in the Fortune 500 list of global corporations and is aiming to sell more than two million of its own-brand vehicles annually, including its recently launched Weiwang minivan, by 2015. Some 700,000 sales are predicted to come from passenger vehicles. Last year BAIC sold a total of 1.5 million vehicles including Mercedes and Hyundai models built at its factories.
Production will continue to come from the company's four main plants: Zhuzhou in Hunan Province, Chongqing, Guangzhou and at its headquarters in Beijing where medium and high-end sedans will be manufactured.
Published 11th May, 2011
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