China-invested company launches 1st car assembled in Myanmar

Added On August 6, 2019

Chinese-invested Gold AYA Motors International Group Co. Ltd. announced that a new Q35 model of its first small SUV BAIC CHANGHE, one of the two brands introduced by the company.
The company was established as a joint venture by a Chinese company and a Myanmar's company in 2017, in response to the call of the China-proposed Belt and Road Initiative.
Covering automobile production, sales, after-sales service and auto finance business, the joint venture has been permitted to operate in Myanmar since March last year.
The head of the company said that the joint venture has branches in Mandalay and Yangon.
Its factory based in Mandalay is expected to have an annual production capacity of 5,000 cars.