Shanghai, July 23 (Gasgoo.com) Chinese automaker Hebei Zhongxing Automobile Co. has found a new partner after cutting the cooperation with its former American partner Chamco Auto, which is involved with lawsuits, reports Nanfang Metropolis News.
Zhongxing’s plan for the North American market will not be disrupted by the cooperation halt with Chamco, but will be postponed as preparations need restarting, the company officials said.
According to Zhongxing sources, a new partner has been introduced, and chief officials of the company are now in Zhongxing for an overall inspection of its manufacturing, research and development sector preparations by Zhongxing. The two sides may build a new joint venture based on the Zhongxing Changling plant to develop new models jointly for the American market.
The Zhongxing Changling facility, a joint venture by Zhongxing and Changling Group in Changchun, targets to build a capacity of 200,000 SMPVs, SUVs and pickups.
The report also said Zhongxing may change its name when landing America as its current name couldn’t pass the assessment of the US Patent and Trademark Office (USPTO). Therefore, the company’s export project for America is inevitably delayed due to a combination of factors.