Chinese Market
In January 2007, an Extraordinary General Meeting of the LTI's shareholders approved a joint venture with Geely Automobile—called Shanghai LTI(SLTI)—to manufacture the TX4 in China. Production started in July 2008. In August 2010 Geely disclosed that Shanghai LTI began supplying SKD (semi-knocked-down) TX4 to the UK. Geely sells the TX4 cab under their "Englon" brand, but have also developed a new version called the TXN. The TXN, planned to go on sale in the future, has a more bulbous shape meant to be more youthful. A concept version called the Englon SC7-RV has also been shown in 2011; this is intended to be used as a private family saloon.
Read more about this topic: TX4
Famous quotes containing the words chinese and/or market:
“As for your high towers and monuments, there was a crazy fellow once in this town who undertook to dig through to China, and he got so far that, as he said, he heard the Chinese pots and kettles rattle; but I think that I shall not go out of my way to admire the hole which he made.”
—Henry David Thoreau (1817–1862)
“Have you not heard of that madman who lit a lantern in the bright morning hours, ran to the market place, and cried incessantly: “I seek God! I seek God!””
—Friedrich Nietzsche (1844–1900)