Chinese carmaker in talks with Slovakia about investment

Another foreign-owned carmaker is looking to invest in Slovakia. Chinese company JAC Motors declared an interest in building a factory in the country during the ongoing EXPO Shanghai 2010 exhibition in China. JAC Motors regional director David Wang confirmed that he is in talks with Slovak officials about terms and conditions.

Another foreign-owned carmaker is looking to invest in Slovakia. Chinese company JAC Motors declared an interest in building a factory in the country during the ongoing EXPO Shanghai 2010 exhibition in China. JAC Motors regional director David Wang confirmed that he is in talks with Slovak officials about terms and conditions.

He said that he is undaunted by competition in Slovakia from PSA-Peugeot Citroen, KIA Motors and Volkswagen, who have all invested in western Slovakia. "Like all Chinese car-makers heading for the European marketplace, our company will set off in that direction as well," he said on May 4, as reported by the TASR newswire.

Wang did not specify the scale of JAC’s planned investment, except to say that it will concern passenger cars and vans. Slovakia’s foreign investment promotion agency SARIO and the Economy Ministry are providing the Chinese company with information concerning the availability of state aid and consulting services during start-up activities.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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