Top 10 largest new international plants in China
By Hao Yan (chinadaily.com.cn) Updated: 2015-03-13 07:032
FAW-VW's $1.9 billion Qingdao plant
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President Xi Jinping and German Chancellor Angela Merkel witness Jochem Heizmann,(third from left), Volkswagen board member and CEO Volkswagen Group China, signs investment agreement with Chen Hong (second from left), CEO of SAIC Motor Corp in Leverkusen, Germany, on Friday.[Photo provided to China Daily] |
FAW-Volkswagen Automotive Co's began the construction of the Qingdao plant in November. With a total investment of 11 billion yuan ($1.9 billion), the plant is expected to start production in 2017. The plant's phase one will has an annual productivity of 300,000 finished vehicles.
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