Business / Motoring Photo

Changhe Automobile Co. in east China's Jiangxi Province

Updated: 2014-03-20 15:29 (Xinhua)
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Changhe Automobile Co. in east China's Jiangxi Province

Workers work on an assembly line in Changhe Automobile Co. in east China's Jiangxi Province, March 12, 2014. In 2013, Beijing Automotive Group (BAIC), China's fifth-largest auto maker by sales, signed an agreement to pay about 80 million yuan (13 million U.S. dollars) for a 70-percent stake in Changhe Auto. The Jiangxi-based automaker expects to expand its yield capacity to 180,000 units in 2014, rising 60 percent year-on-year. According to a plan by the BAIC, Changhe Auto will upgrade its annual capacity to one million units and increase the annual revenues to 100 billion yuan (about 16 billion U.S. dollars) around the year 2020.[Photo/Xinhua]

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