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China Daily | Updated: 2013-05-27 05:35
Auto group to up production
Guangzhou Automobile Group Co Ltd recently announced that it plans to invest 1.7 billion yuan to double the production capacity of its wholly-owned passenger car unit to 200,000 vehicles a year. The company also said it will invest another 1.15 billion yuan in product development of the Trumpchi, its own passenger car brand.
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