Ssangyong Motors, South Korea's fourth-largest automaker, SAIC acquired a 49% stake in Ssangyong in 2004. After the strong involvement of trade unions and other reasons, in 2009, SAIC vomited blood to abandon the interests of major shareholders. Then in 2010, the Indian Mahindra Group acquired a 70% stake in Ssangyong Motor and officially became its parent company. Six years later, according to domestic media reports, Ssangyong Motors has signed a contract with China Shaanxi Automobile Group last week. The two parties established a joint venture company in Xi'an Economic Development Zone to build the first overseas production base for Ssangyong Motor. Due to the introduction of imports, Ssangyong’s models in China are not competitive and new product introductions are slow. Take Shuanglong Tivora, a small SUV, as an example, it is powered by a 1.6L+6MT/6AT powertrain. The price range is 12.98-18.98 million yuan, and Honda Binzhi/XR-V can be second. It is understood that Ssangyong Motor and Shaanxi Automobile Group will jointly invest and build 300,000 vehicle production projects in Xi'an Economic and Technical Development Zone. One of them will build an annual production capacity of 150,000 vehicle production projects, including main engine plants, R&D centers and engines. The factory, marketing network, logistics and distribution, product positioning to SUV, MPV, pickups, cars, etc., and actively planning and layout of new energy vehicles, independent brand cars. The first-phase construction of the project is about two years, and it is expected that the annual sales revenue after the completion of production in 2019 can reach 30 billion to 40 billion yuan. At the same time, in order to enhance the competitiveness of its products, Ssangyong Motor will also enter Xi'an Economic and Technical Development Zone together with major supporting manufacturers to construct a complete system of the local automobile industry. At the beginning of October, the State Council also issued a message saying that in principle the new fuel vehicle company will no longer be approved. The joint venture between Shaanxi Automobile and Ssangyong seems to be based on results outside the principle. Coconut Shell Based Powdered Activated Carbon Coconut Shell Based Powdered Activated Carbon,Powder Activated Carbon,Activated Coconut Carbon,Coal Based Powder Activated Carbon Shanxi Xinhui Activated Carbon Co.,Ltd. , https://www.shanxixinhuicarbon.com