UPDATE 1-Chinese pickup maker Gonow plans $590 mln plant

Newswire

(Adds background in paragraph 6 and 7) By Fang Yan and David Lin SHANGHAI, Aug 22 (Reuters) - Chinese pickup truck maker Gonow Group Co plans to invest 4 billion yuan ($590 million) to build a production base in eastern China with annual capacity of 300,000 units, its president said on Friday. The company, with current production capacity of about 30,000 units a year, has already started construction on the first phase of the project, with annual capacity of 150,000 pickups, Miao ...

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