SHENYANG, Liaoning – Brilliance-Jinbei, a subsidiary of Brilliance Auto, recently initiated a light truck manufacturing project in the Shenyang Auto Zone with an investment of ¥1.49 billion ($225 million), expecting to have an annual output capacity of 90,000 units, find800.com reported.
Also, within this year, Brilliance Auto is to invest ¥1 billion to establish an R&D center with an area of 200,000 square meters in the Auto Zone as well.
Last year, Shenyang Auto Zone saw a year-on-year growth of 47.4 percent in whole vehicle production with output volume reaching 565,000 units and output value amounting to ¥57.89 billion, up 45.3 percent from 2009. It expects to have 687,000 units produced this year and an annual production scale of 1 million units and output value of ¥100 billion by 2012.
Covering an area of 500,000 square meters, the Shenyang Auto Zone is located in the Da Dong District of Shenyang city, Liaoning Province.