Ssangyong Says China Factory Plans to Be Firmed Up Within a Year
- South Korean automaker is conducting a feasibility study
- Company’s exploring China joint venture with Shaanxi Auto
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Ssangyong Motor Co., the South Korean SUV maker which is exploring a joint venture in China, said the company will decide within a year on its plans for a factory as it looks to expand in the world’s largest auto market.
The automaker has entered into an agreement with a province in China for setting up a manufacturing plant, Pawan Goenka, managing director of Mahindra and Mahindra Ltd., which owns a majority stake in Ssangyong, said in an interview. A feasibility study is expected to be concluded in about a year or less, he said.