South Korean auto parts maker Mando 11, said Geely Automobile Holdings Ltd. And China signed a joint venture in China's auto parts plant contract.

     The total investment is $ 85,000,000, of which million will hold 65% of the shares, Geely holds the remaining 35% stake.

     The plant to be in the establishment of Ningbo and Taizhou, Zhejiang Province, plans to commence in March this year, completed in October, and strive to put into operation in January next year, production of automotive brake, steering and shock absorbers and other auto parts.

The article above is transfered from glow plug, and spark plug