Business / Auto China

New-energy BAIC car plant opens in Qingdao

(China Daily) Updated: 2015-08-24 10:42

Beijing Automotive Industry Corporation, or BAIC, unveiled a new-energy vehicle plant in Qingdao, Shandong province on Aug 20.

The plant, with total investment reaching 5 billion yuan ($783 million), can currently produce 50,000 new-energy vehicles a year.

When it reaches full capacity it will be able to produce 150,000 vehicles a year. Zheng Gang, head of BAIC's new-energy vehicle arm, said new-energy vehicles will become the trend of China's auto industry.

Zheng said BAIC's total output capacity could hit 10,000 vehicles in 2015, four times the volume in 2014.

Hot Topics

Editor's Picks
...