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BIZCHINA / AutoChina |
Competition in bus market heats up(chinadaily.com.cn)Updated: 2007-05-18 14:50
Some like Yutong and Golden Dragon are going to upgrade their parts and accessories, and production lines. Yutong is also keen on further developing the Russian bus market. Other bus makers are turning to enhance their variety of products. Henan Shaolin Auto Co Ltd, which topped the Chinese medium bus market with an
annual increase of 30 percent, will enter the intercity and touring coach
market. It also completed the first period of its coach-making project, which
cost one billion yuan (US$130.2 million), and has an annual production capacity
of 3,000 coaches. After completing this entire project next year, Shaolin hopes
its total product value will rise to 1.5 billion yuan (US$195.35 million) per
year. The full text is available in the May Issue of
AutoChina.
(For more biz stories, please visit Industry Updates)
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