JV targets after-sales service
14 November 2005
US Cornell Capital Partners and Beijing Jinche Yingang Auto Maintenance Center will establish a Beijing joint venture in automotive after-sales service called Beijing Sino-US Jinche Yingang Auto Tech Services Ltd (Sino-US AutoMart). "The after-sales market in China is messy, but it's a big market with approximately 80 million automobiles in China," said Zhang Xiaoyu, chairman of the Society of Automotive Engineers of China.