Cars
China's JAC eyes car assembly plant in Slovakia
(Agencies)
Updated: 2010-05-05 15:00
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Chinese carmaker Jianghuai Automobile Co is in talks with the Slovak government on a possible investment, the economy ministry said on Tuesday.
JAC, which says it is among the top 10 Chinese automotive firms with an annual capacity of 500,000 cars, is considering building an assembly plant in Slovakia to take advantage of the country's euro zone membership, central European location and business environment, the ministry said.
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"We are negotiating conditions of our entry to your (Slovak) market with Slovak officials," the economy ministry cited JAC regional head David Wang as saying.
"Therefore, I do not want to be specific about the size of the investment in this phase. All I can says is that it is about passenger cars and light trucks," he said.
The Slovak economy is driven by the automotive sector, centerd around assembly plants of Volkswagen, PSA Peugeot Citroen and Kia Motors Corp.
