Carmaker JAC to Open Offices in Russia

(Beijing) -- JAC Holdings Ltd., the Anhui-based carmaker, announced further plans to expand in international markets.

At a December 15 press conference, the company said it would open offices in Russia and invest 30 million yuan in creating an overseas subsidiary. 

On the same day, JAC announced it would sign a 500 million yuan deal with Santander Consumer Financing Ltd. of Spain to set up 50-50 car financing joint venture.