LINE

    Text:AAAPrint
    Economy

    Chinese automaker BAIC to open first plant in Mexico

    1
    2018-02-22 16:45Xinhua Editor: Gu Liping ECNS App Download

    Chinese automaker Beijing Automotive Industry Corporation (BAIC) on Wednesday unveiled a plan to build its first factory in Mexico for the North and South American markets.

    The company will invest around one billion U.S. dollars for the construction of the plant set to begin in 2020, Jimena Saenz, BAIC's director in Mexico, said in an interview with Xinhua.

    BAIC launched brand automobiles in the Mexican market in mid 2016, while the brands of D20 sedans and X25 SUVs were assembled at a local plant in the Gulf Coast state of Veracruz.

    "BAIC's commitment to Mexico is long-term. We want to be close to our suppliers," said Saenz.

    Thanks to the positive market response in Mexico, the company sold 1,140 vehicles in 2017 and expects the figure to reach 4,000 units in 2018, she said.

    "It is a year of uncertainty," she said, referring to the renegotiation of the North American Free Trade Agreement (NAFTA) between Mexico, the United States and Canada, and the country's presidential elections in the summer.

    As one of China's five largest automakers, BAIC sells automobiles in 53 countries, including South American countries such as Argentina, Brazil, Chile, Colombia, Peru and Venezuela.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 阿坝县| 钟祥市| 永福县| 东乌珠穆沁旗| 抚州市| 青神县| 濉溪县| 邵阳市| 宕昌县| 称多县| 留坝县| 克什克腾旗| 山阳县| 荥阳市| 凤阳县| 保定市| 临泽县| 喜德县| 成都市| 潜山县| 原平市| 上林县| 溆浦县| 疏附县| 确山县| 新营市| 勃利县| 延川县| 保德县| 台州市| 鄂托克旗| 新泰市| 荣昌县| 龙胜| 馆陶县| 临江市| 林甸县| 宣城市| 长乐市| 武川县| 永宁县|