Chinese Entrepreneur Wants to Make RV in US and Import Back

choi

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Angus Loten, Small Firms Find Cash Lifeline in China; After Halting Production, California RV Maker Gets Jump-Start From Big Investor Far From Home. Wall Street Journal, Mar 1, 2011.
http://online.wsj.com/article/SB10001424052748704615504576172410117309984.html

Quote:

"Talks with the Chinese electric-car company he'd gone to meet collapsed, but Mr. Williams was introduced to Winston Chung, whose company, Winston Global Energy, makes batteries for electric vehicles.

"Over the course of several months, Mr. Chung became the majority shareholder in MVP RV in exchange for his $310 million investment. Messrs. Williams and Chung hope to develop a battery-powered motor home for sale in the U.S. and export to China's rapidly expanding automotive market.

My comment:
(a) The "electric-car company" in quotation 1 likely was BYD.
(b) Riverside, California
http://en.wikipedia.org/wiki/Riverside,_California
(Named for its location beside the Santa Ana River)
(c) Winston Chung/Winston Global Energy 钟馨稼/温斯顿全球能源公司 (based at Shenzhen)
(d) There are huge discrepancy between WSJ and Los Angeles Times--in recreational vehicles imported to China (diesel or electric) AND amount Chung paid to buy the American company.

Stephen Ceasar and Shan Li, China Has Burgeoning Market for RVs, Entrepreneur Says. LA Times, Jan 25, 2011.
http://www.latimes.com/business/la-fi-china-rv-20110125,0,4662023.story

Quote:

"Chung spoke about the burgeoning market in China for the motor homes after a news conference with UC Riverside Chancellor Timothy P. White, where they announced Chung's $10-million donation to UCR's Bourns College of Engineering.

"In an interview with The Times, a smiling Chung cheerfully detailed his plans to build and export 30,000 diesel-powered motor homes to China, and eventually to develop electric-powered RVs. Chung, 52, is the founder of battery maker Winston Global Energy.

"He paid $18.6 million in July for the Riverside factories and headquarters that were once the home of Fleetwood Enterprises, which filed for bankruptcy protection and left the area in 2009.

(e) The LA Times report uses recreational vehicle and motor home interchangeably.

recreational vehicle
http://en.wikipedia.org/wiki/Recreational_vehicle

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