China moves on Aussie car market

China's largest car maker has set up a business in Australia and kicked off its campaign with the launch of two commercial vans in the Hunter Valley.

The Newcastle Herald reports Shanghai Automotive Industrial Corporation deemed the launch of its LDV V80 vans as a “historic occasion” for the local automotive sector.

Marketed by the Sydney-based WMC Group, the new vehicles have outsourced key components in the manufacturing process, with the engine sourced from Italy, the gearbox from South Korea, and the chassis developed by German companies.

According to The Newcastle Herald SAIC builds around 4.5 million vehicles a year in China, and pricing for the LDV van starts at $32,990.

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