Ssangyong may set up China manufacturing JV if sales rise- agent

South Korean carmaker Ssangyong Motor Co could set up a manufacturing plant in its biggest global market China if sales there rise to 50,000 vehicles a year, the brand's sole China agent Pang Da Automobile Trade Co Ltd said. Ssangyong, which is majority owned by Indian automaker Mahindra & Mahindra , expects to sell 50,000 vehicles in China a year by 2017 at the earliest, Pang Da, one of China's biggest car dealers, said in a statement. This year, Ssangyong expects sales of 20,000 vehicles in China, a more than three-fold jump from the 6,300 vehicles it sold a year ago. Read More http://ift.tt/1nkzkDD