E-MAIL
Light vehicle sales in China for the month of October are very strong despite the global financial crunch. With the full effects of government stimulus packages at work, sales of light vehicles, passenger cars and commercial vehicles will exceed 1 million units. Many Chinese auto manufacturers expand their capacity to meet the rapid growth in vehicle demand.
Chang"an Auto is expanding capacity of its Nanjing plant with an investment of $15 million, which will double the annual capacity to 200,000 units starting in 2010. BAIC adds a new minibus production line at its Zhuzhou plant with an annual capacity of 200,000 units by March 2010. Many auto experts believe that China"s economy has bottomed out.