SAIC and GM tap into Indonesian market with new plant
The move marked a new step in the cooperation between SAIC and General Motors on jointly tapping the Asian market and also demonstrated SAIC’s determination in seeking sustainable development by supporting the joint venture’s overseas expansion.
Indonesia is an important market for SAIC, and the company aims to better serve the ASEAN market through the Indonesia project.
After getting approval from the Indonesian government, construction on the new facility, located near the Indonesian capital Jakarta, will begin this year. Cars produced by the new plant will be sold on the Indonesian market and are also likely be exported to other countries in the Association of Southeast Asian Nations (ASEAN) in the future.
In recently years, SAIC has been exploring innovative ways to develop its overseas business development. The company now has a wholly-owned international brand, MG, which has its own local distribution networks for cars assembled in Britain and Thailand. There are nearly 300 international R&D professionals in the company’s R&D center, located in Britain, who jointly carry out R&D projects with their counterparts in SAIC’s domestic technology center. The joint venture’s products are exported to India and South America through cooperation with partners.
SACI has also set up a trade company in the Shanghai Free Trade Zone, as well as car sales companies in Middle East and South America, as part of its overseas strategy.