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N. Korea's joint venture with China rolls out buses, trucks

All Headlines 18:08 September 16, 2011

SEOUL, Aug. 16 (Yonhap) -- A joint venture between North Korea and China began to roll out buses and trucks from a car plant, North Korea's official Web site said Friday.

Pyongunjongsong Corp. went into trial production of the vehicles in its plant at an undisclosed location, the North's government-run Web site Naenara said.

It also said 19-seat minibuses and 50-seaters as well as trucks that range from 0.5 tons to 15 tons would go through performance tests before reaching customers, the Web site said, without elaborating on their prices.

Separately, North Korea has set up Pyeonghwa Motors Corp., a joint venture with a South Korean automaker. The company said it sold 1,450 sport utility vehicles, sedans and minibuses assembled at its plant in Nampo, near the capital Pyongyang, last year.

North Korea's state-run companies are the main customers of Pyeonghwa's cars priced at between US$15,000 and $17,000, according to a Pyeonghwa official in Seoul. He asked not to be identified as he was not authorized to speak to the media.


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