Mahindra’s Ssangyong Motor explores JV with Shaanxi Auto
Ssangyong Motor, the South Korean SUV maker and subsidiary of Mahindra & Mahindra, is exploring a joint venture in China with Shaanxi Automobile Group to produce vehicles in the world’s largest auto market. Ssangyong signed a letter of intent with Xi’an-based Shaanxi Auto on Wednesday to study a possible joint venture and local production plant.