LM Star to assemble Chinese cars
Johor-based LM Star Autoworld Sdn Bhd has been awarded exclusive rights to assemble and distribute cars manufactured by China's BYD Auto Co Ltd for the international market.
LM Star will invest RM41million to set up an assembly plant and research and development (R&D) centre for the BYD car in Xian, China.
BYD Auto is a subsidiary of BYD Group which manufactures the 800cc Flyer and 1.6cc F3 left-hand drive cars for China's domestic market.
LM Star and BYD Auto will carry out R&D for right-hand drive BYD cars for export.
BYD Auto is the second car maker in China to have accorded exclusive franchise to LM Star.
In June last year, LM Star entered into a franchise agreement with DADI Automotive Co Ltd to assemble and distribute its DADI four-wheel drives and seven-seater Sports Unitility Vehicles.
Managing Director Abdullah Shikh Mohamad said that LM Star has been marketing the DADI vehicles in 26 countries in West Asia.
There had been request for the cars to be marketed in Brunei, Singapore and Thailand.
LM Star and DADI Automotive will be investing RM55million in R&D to further improve the quality of the car and develop a technology for right-hand drives.
Once the technology for the DADI right hand-drive is developed, a RM178 million manufacturing plant for the car will be set up in Johor.
LM Star will invest RM41million to set up an assembly plant and research and development (R&D) centre for the BYD car in Xian, China.
BYD Auto is a subsidiary of BYD Group which manufactures the 800cc Flyer and 1.6cc F3 left-hand drive cars for China's domestic market.
LM Star and BYD Auto will carry out R&D for right-hand drive BYD cars for export.
BYD Auto is the second car maker in China to have accorded exclusive franchise to LM Star.
In June last year, LM Star entered into a franchise agreement with DADI Automotive Co Ltd to assemble and distribute its DADI four-wheel drives and seven-seater Sports Unitility Vehicles.
Managing Director Abdullah Shikh Mohamad said that LM Star has been marketing the DADI vehicles in 26 countries in West Asia.
There had been request for the cars to be marketed in Brunei, Singapore and Thailand.
LM Star and DADI Automotive will be investing RM55million in R&D to further improve the quality of the car and develop a technology for right-hand drives.
Once the technology for the DADI right hand-drive is developed, a RM178 million manufacturing plant for the car will be set up in Johor.
posted by Smartcar Owner at 2:27 PM
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