Daewoo Heavy-Duty Trucks to Be Made in China

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Last updated at: (Beijing Time) Tuesday, April 09, 2002

Daewoo Heavy-Duty Trucks to Be Made in China

A joint venture between the local automotive industry and Daewoo from the Republic of Korea will start producing heavy-duty trucks in Guilin, the famous scenic in China's Guangxi Zhuang Autonomous Region.

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A joint venture between the local automotive industry and Daewoo from the Republic of Korea will start producing heavy-duty trucks in Guilin, Guangxi Zhuang Autonomous Region.

Under a pact signed here Monday, Daewoo will offer financial and technological assistance to the Guilin Daewoo Coaches Co. for the production of heavy-duty trucks to cater for the need of a rising Chinese market.

Launched seven years ago by Daewoo and its Chinese partner, Guilin Daewoo Coaches Co. has grown into a major producer of high-end passenger coaches in China.

The project in Guilin, a tourist city in Guangxi Zhuang Autonomous Region, is expected to produce 10,000 heavy-duty trucksa year, with an annual output value of 5 billion yuan.

China's sales of heavy-duty trucks have been rising at an annual rate 46.9 percent since 1997, industry sources said.

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