September 20, 2010

China to Build Car Plants in Philippines

Chinese vehicle makers JAC Motors, Chongqing Astronautic Bashan, and Great Wall Motors Company are planning separate investments in the Philippines to build assembly plants for Chinese trucks and passenger cars. JAC Motors based in Anhui has been exporting vehicles since 1990 and is China's number 1 exporter of light trucks. JAC has an extensive dealership network around the world but so far is kept out of first world markets. This year may be a record for car sales in the Philippines where local production is dominated by Japanese carmakers particularly Toyota. Chinese firms are hoping to carve out market share despite the Philippines's relatively high labor costs and notoriously fickle energy grid...

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