Automaker Sets Sights on Egyptian Plant

25/02/2005

Brilliance China Auto, German luxury car maker BMW's Chinese mainland partner, hopes to work with an Egyptian company to build a plant in the African country to assemble its self-developed Zhonghua sedans.

"We are in final talks and expect to clinch a deal next month or in April," said an official from Brilliance Jinbei Automobile Co Ltd, the manufacturing unit of Hong Kong-listed Brilliance China Auto.

The unnamed Egyptian firm will invest to build the plant with technical assistance from Brilliance Jinbei, based in Shenyang, the capital city of Northeast China's Liaoning Province, the official said.

Brilliance Jinbei will ship components from the mainland to the plant to build Zhonghua sedans.

If the deal comes true, Brilliance will become the latest Chinese automaker to assemble own brand vehicles abroad.