Liaoning Shuguang Automotive Group held a ground-breaking ceremony for a new SUV plant in the city of Dandong, Liaoning province earlier this week.

With a current annual production capacity of 60,000 Faster SUVs, the plant will be part of the automaker's strategy to reach an annual capacity of 120,000 passenger vehicles eventually.

The plant will have a workforce of more than 2,000 after operation. Initial investment will be 810 million yuan ($117 million).

As one of the major OEMS in China, Liaoning Shuguang's main products include pickups, SUVs and light buses. It has 11 manufacturing facilities, 2 overseas offices in the U.S.A. and South Korea and 4 technical centers in China. Last year it sold 25,000 pickups and SUVs.