According to JAC, a new JAC light auto company after restructuring Huaxiang Fuqi which JAC acquired last year with 500 million yuan is established and preparing for an accessing approval.
It is learnt that the light auto company is accelerating mass production and is going to sell complete vehicles. The mass production is estimated to open to service in September, 2013, and the annual target of 50,000 units of complete vehicles is set to be reached within five years. In that case, the total annual production of JAC will reach one million units.
Source:
http://www.chinatrucks.com/news/2013/0730/article_4716.html
