Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

FTZ/Industrial Park

HOME > FTZ/Industrial Park


Changan to invest 1.49 bln USD on new-energy vehicle industrial park

August 29, 2018


Abstract : Changan Automobile Co. Ltd. announced plans to invest 10.2 billion yuan (about 1.49 billion U.S. dollars) on a new-energy vehicle industrial park in the southwest Chinese city of Chongqing.

At the ongoing first Smart China Expo, Changan Automobile said the park in the Liangjiang New Area would be home to a complete industrial chain for R&D, production and sales.

Changan's own auto parts plant, its new-energy vehicle joint venture and other suppliers will be established there.

Upon completion, the park is expected to churn out 500,000 sets of core new-energy vehicle parts, with an output value of over 40 billion yuan annually.

Changan Automobile has announced a shift to new-energy vehicles for its future growth. It announced in October 2017 that it would stop selling traditional petrol cars in 2025. Last year, its new-energy vehicle sales soared 180 percent to 61,000 units.


Related Coverage

Focus

Think Tank

  • How will Brexit crisis affect China-UK economic ties...

    February 20, 2019

    It is crucial for China to understand that the first forces active in the Br...

  • Why China remains a magnet for foreign investment?

    February 20, 2019

    With all of these new initiatives in the works, it's fair to say that China ...

  • Greater Bay Area a center of innovation

    February 20, 2019

    The successful establishment of the Greater Bay Area as a center of scientif...

  • How Can China’s Economy Maintain Steady Growth at a...

    February 15, 2019

    China needs to keep expanding its interconnectivity with global markets, pro...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial