FUZHOU — Southeast (Fujian) Automotive Industry Co. Ltd. says it will realize RMB3.2 billion (US$386.6 million) in sales revenue and RMB270 million (US$32.6 million) in gross profits this year. The largest auto project ever launched with a Taiwanese firm, the joint venture reportedly has generated RMB3.8 billion (US$459.1 million) in production value and some RMB300 million (US$36.2 million) in gross profits in its five-year operation. The automaker says sales exceeded 10,000 units in ...
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