Changhe Auto readies 14 billion yuan assembly plant
Jiangxi Changhe Automobile Co., a subsidiary of Beijing Automotive Industry Holding Corp., began construction on an assembly plant in Jingdezhen in east China's Jiangxi province.
The new facility, due to launch production in late 2015, will have capacity to build up to 300,000 vehicles and 300,000 engines a year by late 2017, the company said.
By the end of 2018, the plant's annual capacity will increase to 450,000 vehicles and engines.
The company's investment in the new facility will total 14 billion yuan ($2.3 billion), according to Changhe.
The new facility will assemble a wide array of vehicles: microvans, sedans, SUVs and MPVs.
It will also produce some electric vehicles, Changhe said, without providing further details about its plans.
Changhe is headquartered in Nanchang, capital of Jiangxi province.
The company already has two assembly plants in Jingdezheng and Jiujiang, both located in the province.
The two assembly plants can produce up to 300,000 vehicles a year, while an engine plant in Jiujiang can produce up to 150,000 engines annually.
Late last year, state-owned BAIC acquired a 70 percent stake in Changhe.
Prior to that, Changhe was owned by China Changan Automobile Group Co. But the two state-owned companies broke apart after Changhe resisted Changan's integration plan.
By the end of 2018, the plant's annual capacity will increase to 450,000 vehicles and engines.
The company's investment in the new facility will total 14 billion yuan ($2.3 billion), according to Changhe.
The new facility will assemble a wide array of vehicles: microvans, sedans, SUVs and MPVs.
It will also produce some electric vehicles, Changhe said, without providing further details about its plans.
Changhe is headquartered in Nanchang, capital of Jiangxi province.
The company already has two assembly plants in Jingdezheng and Jiujiang, both located in the province.
The two assembly plants can produce up to 300,000 vehicles a year, while an engine plant in Jiujiang can produce up to 150,000 engines annually.
Late last year, state-owned BAIC acquired a 70 percent stake in Changhe.
Prior to that, Changhe was owned by China Changan Automobile Group Co. But the two state-owned companies broke apart after Changhe resisted Changan's integration plan.
