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WUHAN, Oct. 23 (Xinhua) -- The SAIC General Motors CO., Ltd (SGM), a joint venture between China's SAIC and General Motors, plans to unveil a new production line for its feul-efficient SUVs in the first half of 2017, company sources said Sunday.
The facility, constructed in China's central industrial city of Wuhan, will be able to produce 360,000 vehicles a year, bringing the combined capacity to 600,000 for the SGM's Wuhan plant, one of the company's four major manufacturing bases in China.
SGM said it has invested 7.5 billion yuan (1.1 billion U.S. dollars) for the new production line, which has been under construction since January 2015 and dedicated to producing a new generation of GM Chevrolet Equinox SUVs. According to SAIC Chairman Chen Hong, the facility has notable advantage in terms of "smart manufacturing."
SGM's Wuhan plant started operation last year and has grown into one of the auto industry's most efficient production line, rolling out 500,000 vehicles in just 20 months since its inception. The plant generated a revenue of nearly 23 billion yuan (3.4 billion U.S. dollars) in the first nine months of this year.
