China to export autos to S Korea for first time
Published: 02 Nov 2009 22:02:01 PST
China's third largest automaker Dongfeng Motor has signed with Dongfeng Motor Korea (DFMK) to export vehicles from April 2010, according to the JoongAng Daily.
DFMK will sell four models: one-ton trucks, commercial minivans and a six- and nine-passenger vans. The company plans to import passenger vehicles later because the sedans are not yet up to the standard set by Korean automakers with regards to their interior and engine. Also, trucks and vans with lower prices and higher quality are preferred by private entrepreneurs with small operations.
"The vehicles are 30 percent cheaper than Korean vehicles and will therefore be competing for the attention of private entrepreneurs," said Lee Chul-woong, a DFMK executive.
Agencies and Shi Jierui contributed to this story
Explore the World, Understand China!
Please log on www.gloaltimes.cn
If you believe an article violates your rights or the rights of others, please contact us.
Digg
Reddit
Mixx it
FacebookRelated News
Most Read
- 1BYD Auto to expand into solar energy field
- 2Entrepreneurblues
- 3ANALYSIS-CFTC cautious on position limits, set
- 4AUTOSHOW-INTERVIEW-UPDATE 1-Changan Ford Mazda
- 5Beware of phishing scams if you are using
- 6Beyond The Anti-Virus Arms Race
- 7Help protect yourself from phishing scams and
- 8China Longyuan Power plans HK$17.5-bln HK IPO
- 9Acer's Mobile Gamble
- 10LED flexible light strip supplier spots
