JAC Motors launches operations in Mexico partnered with Giant Motors and Inbursa
JAC Motors desembarca en México de la mano de Giant Motors e Inbursa
Intel ID : 244912
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JAC Motors (SHA:600418), a China-based manufacturer and retailer of car parts, announced the launch of its operations in Mexico partnered with Giant Motors and Grupo Financiero Inbursa (BMV:GFINBUR), based in Mexico, reported Expansion on 1 February 2017, citing Giant Motors Latinoamérica Managing Director Elías Masri. Under a strategic investment partnership, the project will have an investment of MXN 4.4bn, of which 50% will be provided by Inbursa to assemble the first Chinese light vehicle in Mexico for the domestic market at the Giant Motors plant in Hidalgo. Production will begin in 2H17.
(content in spanish)
JAC Motors (SHA:600418), empresa china dedicada a la fabricación y venta de automóviles, ha anunciado su desembarco en México de la mano de Giant Motors y el Grupo Financiero Inbursa (BMV: GFINBUR), con sede en México, según ha informado Expansión el 1 de febrero de 2017, citando al director general de Giant Motors Latinoamérica, Elías Masri. Bajo una alianza de inversión estratégica, el proyecto tendrá una inversión de MXN 4.400m, de los cuales el 50% lo aportará Inbursa para ensamblar el primer vehículo ligero chino en México para el mercado local, en la planta de Giant Motors de Hidalgo. La producción iniciará en el segundo semestre de 2017. |
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25.01.03 Commercial, Retail & Mortgage Banking 25 Financial Services / 25.01 Banking & Investment |
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35.02.06 Passenger Vehicles & Light Trucks 35 Industrials / 35.02 Automotive |
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15.05.01 Automotive Retail & After-sales Parts & Services 15 Consumer Products & Services / 15.05 Distribution & Retail |
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