ASEAN KEY DESTINATIONS
Chinese auto assemblers to Philippines
Statemotor would assemble up to 500 CVs a year, and also churn out parts at its Las Pi?as City plant.
Chinese automotive giant GWM will supply the completely knocked down (CKD) kits as well as parts and components through a technical licensing agreement.
GWM has authorized Statemotor to assemble Wingle 4x4 and 4x2 pickups, as well as Hover 4x4 and 4x2 sport utility vehicles (SUVs).
Statemotor's assembly operations would begin next month, while parts manufacturing would start in July next year.
GWM has more than 30 subsidiaries turning out up to 500,000 units a year. It exports to more than 100 countries and regions, according to its web site.
Another Chinese auto player in the Philippines is Jainghuai Automobile Co. Ltd. (JAC), whose local partner JAC Automobile International Philippines Inc. would assemble one- to three-ton light trucks.
JAC entered into a technical licensing agreement with the Philippine partner for the supply of CKD kits and parts and components.
This project was approved by the BOI in August. Its operations would begin in January next year.
JAC produces about half-a-million units a year, and is among the largest Chinese auto manufacturers.
Motorcycle maker Chongqing Astronautic Bashan Motorcycle Manufacturing Co. Ltd. (Bashan), meanwhile, entered into a technical licensing agreement with local firm Racal Motor Assembly Corp. (RMAC) for the supply of CKD kits as well as parts and components that would be used in assembling Bashan motorcycles.
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