Ssangyong Motor Explores China Joint Venture With Shaanxi Auto
- Parent Mahindra & Mahindra also seeking EV partner in China
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Ssangyong Motor Co., the South Korean SUV maker, is exploring a joint venture in China with Shaanxi Automobile Group Co. to produce vehicles in the world’s largest auto market.
Ssangyong signed a letter of intent with Xi’an-based Shaanxi Auto on Wednesday to study a possible joint venture and local production plant, the Pyeongtaek, South Korea-based automaker said in a statement.