China’s Dongfeng Motors to Build New Truck Plant

China’s Dongfeng Motor Group Co. will spend $146 million to build a heavy truck factory in that country’s Hubei province, Bloomberg reported.

Production at the plant, which will have annual capacity of 80,000 vehicles, will produce 40,000 vehicles in its first year of production, a company official told Bloomberg.

Current truck capacity is not enough to meet demand, the official said.

Dongfeng is ramping up production after China overtook the U.S. as the world’s biggest auto market last year.

Dongfeng Motor’s vehicle sales rose to 73,094 in the first four months of this year, up more than 200% from 2009, Bloomberg reported.