Chinese auto maker FAW Group is ratcheting up its operations in South Africa and Russia. FAW Chairman Xu Jianyi says the RMB500 million ($78.5 million) truck plant announced for South Africa in March is to be expanded. The government’s Xinhua news agency quotes Xu as saying the plant, originally scheduled to produce 5,000 trucks a year, will be turned into an overseas manufacturing base with an annual output of 50,000 passenger vehicles. FAW says it is accelerating construction ...
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