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China's SAIC teams up with Ayala to sell Maxus vehicles in Philippines

Chinese carmakers extend presence in Southeast Asia

AC Industrial Technology Holdings, a unit of Ayala Corp., will start selling imported Maxus vans and light commercial vehicles in the Philippines by the first quarter of 2019.   © Reuters

MANILA -- China's SAIC Motor is to sell its Maxus brand in the Philippines after striking a deal with local conglomerate Ayala Corp. on Monday.

SAIC is one of a number of Chinese automotive companies that are making inroads into Southeast Asian markets, which have long been a stronghold for Japanese companies like Toyota Motor, Honda and Nissan Motor. Wuling Motors has expanded in Indonesia, while Zhejiang Geely Holding Group bought into Malaysian auto company Proton Holdings last year. SAIC's MG brand is already available in the Philippines.

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