Gasgoo.com - On the heels of BAIC and Changan, SAIC-GM-Wuling has officially announced that its completed construction of its production site in the Liangjiang New Zone of Chongqing, the Chongqing Economic Times reported today.
According to reports, the production site, which is a part of SAIC-GM-Wuling¡¯s Chongqing subsidiary, cost a total of 6.6 billion RMB ($1.08b). The 1.6 million square meter site boasts total annual production capacity of 400,000 automobiles and 400,000 engines. The subsidiary will integrate resources and strengths from the SAIC, GM and Wuling brands, as well as build on the experience the JV has in building its Liuzhou headquarters, Baojun production site and fellow subsidiary branch in Qingdao, Shandong.
The new site will play an important role in helping solidify SAIC-GM-Wuling¡¯s sales strategy, and will put pressure on regional competitors like Changan. The JV looks to benefit from Chongqing¡¯s rich logistics infrastructure and favorable government policies. Chongqing has also shown its strengths as a major production center by having created a complete supply chain, low labor costs and ample resources, where are key reasons why the JV signed up with the city (pictured).