The assembly facility could have an eventual capacity of 300,000 vehicles.
February 10, 2012
by The Canadian Press
SHANGHAI, China—General Motors Co. has won approval from environmental authorities in central China for a new $1.1 billion assembly plant.
But the company says it has not yet decided on the plan.
The $1.1 billion vehicle assembly plant would have an eventual annual capacity of 300,000 vehicles, the notice said.
GM’s office in Shanghai has not directly commented on the project, but issued a statement saying the company would make “sustainable plans” for expanding production capacity based on market conditions, sharing details at a later time.
Shanghai GM, a venture with state-owned automaker SAIC, has four vehicle manufacturing plants in China, two of which are currently undergoing expansion.
Sales of GM-branded vehicles by the company and its Chinese partners rose 8.3 per cent in 2011 to a new record of 2.5 million vehicles.