Gasgoo.com (Shanghai February 14) - Guangzhou Automobile Group and Mitsubishi will be establishing their joint venture this September, autohome.com.cn reported today.

The ASX crossover, Pajero Sport SUV (pictured above) and Colt subcompact will be among the first vehicles the Guangqi Mitsubishi joint venture will be manufacturing at its Changsha, Jiangsu production site, which will have a preliminary annual capacity of 300,000 vehicles. Meanwhile, the Mitsubishi Outlander and Pajero will be made at the same factory GAC Changfeng produces its Liebao vehicles. The Colt Plus (pictured below), which is already available in Taiwan, will be brought over to the mainland this year, as well.

Guangqi Mitsubishi will be concentrating on the SUV segment, with domestically manufactured versions expected to be shown at this April's Beijing International Automotive Exhibition. Prices are expected to drop after domestic production begins. The Colt and Colt Plus, meanwhile, will help the JV expand its reach to cover other market segments.