SHANGHAI – Shanghai-Maple has launched production of the Marindo MB, a new vehicle jointly developed with Shanghai Jiaotong University.
The model is the first industrialized car model developed by a university in China and the first car designed by Shanghai Jiaotong since its establishment 110 years ago.
It is the result of the “Marindo MB Independent Vehicle Development” project, which was initiated in April 2005 as part of a strategic cooperation agreement between Shanghai-Maple and Shanghai Jiaotong.
The Marindo MB comes equipped with Shanghai-Maple’s own 1.5L or 1.8L engines and meets Euro III emissions standards. It has passed relevant front, side and rear collision tests, and could hit the market by Chinese New Year in February of next year, according to Xu Gang, president of Shanghai-Maple.
The company also celebrated the completion of the first stage of its second-phase expansion project. As a result, total annual output capacity has increased from 100,000 units to 150,000 units.
The first phase has a total investment of 800 million ($100 million) and 160,000 square meters of floor area for stamping, welding, painting, and general assembly shops, as well as vehicle testing tracks.
Shanghai-Maple, the only private automaker in Shanghai and a subsidiary of Geely Holding Group, produces cars under the Marindo, Hysoul and Hisoon family models.