Nanjing Automobile Group Co., Ltd. (Yuejin Motor Group Corp. ) that was founded in 1947 is a super-big state-owned enterprise and has 16,000 employees. The group occupies an area of 4,000,000m2 and has the fixed assets amounting to RMB 12 billion with the annual production capacity of 200,000 vehicles. The group's major products are trucks, cars, and travel buses. Its subsidiaries include Nanjing IVECO Co., Ltd., Nanjing FIAT Co.,Ltd., and Yuejin Vehicle Co., Ltd.,Nanjing Automobile Group Co., Ltd.Wuxi Branch and others.
Nanjing is already seeking price quotes from suppliers in China, including many who are already making parts for a version of the Rover 75 that will be assembled by SAIC Motor, a subsidiary of Shanghai Automotive Industry Corporation.
The MG Factory of NanjingAutomobile Corporation is located in the High-level New Technology Economic Development Zone in Pukou (a new district of Nanjing).
Nanjing and GB Sports Car Company are in talks to sign a joint venture that would build the MG TF sports car, ZT saloon and ZT-T shooting break in Longbridge and import pieces and the rest of the range from Nanjing factory in China.
China's NanjingAutomobile Group has formally become the new owners of iconic British motor firm MG Rover, paving the way for the group to begin assembling cars.
Nanjing Auto will compete in selling cars developed by MG Rover with Shanghai Automobile Industry Corp (SAIC), which lost out in the bid for the bankrupt British carmaker, but managed to buy the rights and assets for the manufacture of the Rover 75 and Rover 25 models and related engines.
Nanjing Auto also last month signed a 33-year lease agreement for part of the MG Rover UK plant at Longbridge in Birmingham at an initial cost of 1.8 million pounds (2.6 million euros, 3.1 million dollars) per year.
Feeds |
Contact