For the last few years, Myanmar has only been buying automobile parts from foreign countries and assembling vehicles, but now, for the first time, Myanmar will be bringing in car models which are Chinese right around in the Ngazun township’s Myotha industrial zone, which is located in Mandalay.
An establishment that goes by the name of Shining Star Group of Kunming, China built the Gold AYA Motor International Co Ltd to mass-produce cars in Myanmar since the year 2017.
This manufacturing plant has an excess of 20 acres of land in Myotha mechanical zone and will be fabricating excellent vehicles that are to be sold at sensible costs. Part one of the industrial facility undertaking incorporates a sequential construction system for partially written-off vehicles, hardware, vehicle parts, stockpiling godowns, leaving, test-drive tracks, a fuel distribution center, dump zones, toilets, and workplaces.
It will require an estimated US$30 million venture by the organization, which has more than 130 staff members, which will be including around about 110 Myanmar nationals.
This plant will be responsible for the manufacturing of a total of ten models of luxury vehicles, business autos, pickups, SUVs, and MPVs.
The company aspires to sell more than 50,000 vehicles with 40pc neighborhood creation within the first five years of its inception. Later on, the firm has hopes of increasing its production rate.
The maiden vehicle to be rolling off the shelves of the firm will be Beijing Auto Industry Corp’s. Changhe Q35 SUV, which is scheduled to be released into the Yangon and Mandalay showrooms on Friday.