Jiangling Motors plans to build a car factory in Poland to become the first Chinese automaker to establish a European plant. The plant would produce 400,000 cars annually.
Jiangling, based in the central province of Jiangxi, makes and sells light trucks and pickups as well as Ford commercial vehicles and associated spare parts.
Geely Automobile, the independent Chinese automaker, is moving ahead with plans to construct an assembly plant in Mexico to supply both North and South American markets. Geely and a local partner will invest up to $270 million to build a factory in León, the capital of Guanajuato state in central Mexico.
Geely believes Mexico will provide a stepping-stone to achieve its ultimate ambition: conquering the U.S. market.
Mexico offers a great deal of opportunity, not only as an export hub supported by competitive labor rates, but also an attractive market of about the same size as Canada’s, with annual sales of 1.1 million vehicles.
The León plant eventually will have an annual capacity of 300,000 units
Analysts expect China to become the world’s second-largest car manufacturer by the end of the decade