Shanghai Automotive will double capacity in five years

As the Chinese auto market grows, so do its manufacturers. Reuters reports that China's biggest automaker said today it plans to double capacity by 2010 to 2 million vehicles a year.
This year, SAIC and its Korean subsidiary Ssangyong Motor will produce just over 1 million vehicles. SAIC is also GM's joint venture partner in Shanghai GM, China's market leader since earlier this year. According to Forbes magazine, September Shanghai GM sales were 31,719 units.