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November 19, 2001
Feeling pressure from Renault Motor and Nissan Motor's struggle to divide up the mainland China market and retain their own market shares, the Yulon Group reports that it not only plans to participate in the stock split of a new Nissan-dominated company, but also intends to increase its investment in an attempt to strengthen its cooperation with Dongfeng Automobile Co.
It is expected that Yulon Motor will expand its business from auto manufacturing and marketing, by stages, to auto parts. Early next year, Yulon Group's Yue Ki Industrial Co., Ltd., which produces bumpers, will be the pioneer entity to cooperate with the auto parts manufacturers already part of Dongfeng Automobile. Yulon Group's investment is estimated to be more than RMB10,000,000 (US$1.21 million).
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