New Factories for International Companies in China (in 2014

by fulltimestudent 3 Replies latest social current

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  fulltimestudent

  

  Executives from Dongfeng Peugeot Citroen Automobile Co Ltd and officials from Chengdu municipality break ground on the company's fouth manufacturing plant in Chengdu, capital of Sichuan province, Oct 16, 2014. [Wang Jingjing / chinadaily.com.cn]

  Dongfeng Peugeot Citroen Automobile Co Ltd broke ground in October for the company's fourth plant in Chengdu, Southwest China's Sichuan province. The carmaker invested 12.3 billion yuan ($2 billion) in the new plant located in east Chengdu. The plant is scheduled to start operations in 2016. Once completed, the plant is expected to have an estimated annual production capacity of 360,000 vehicles.

  Link: China Daily- http://www.chinadaily.com.cn/business/motoring/2015-03/13/content_19798394_10.htm
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  fulltimestudent

  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 first stage will have an annual production of 300,000 finished vehicles.

  

  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]

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  Shanghai GM's $1.2 billion Wuhan plant
  

  Sino-US joint venture Shanghai General Motors Co Ltd announced in August it will invest

  another 7.5 billion yuan ($1.2 billion) in its Wuhan plant to expand production by another 240,000-unit capacity inphase II of the project, in Wuhan, the capital of Hubei province.

  
  

  A new Buick Excelle is pictured at the rolling-off ceremony at Wuhan plant, Jan 28, 2015. [Photoprovided tochinadaily.com.cn)
  
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  fulltimestudent

  

  Models pose with Hyundai Motor Co's new Sonata sedan during its launch event in Seoul March 24, 2014. [Photo/Agencies]

  
  

  Hyundai Motor's $926.5 million Chongqing plant
  

  Hyundai Motor Co plans to build its fourth plant in China for about 1 trillion Korean won

  ($926.5 million) and start production in early 2016. Hyundai and its affiliate Kia Motors Corp

  are betting the facility in Chongqing will protect their share of the world's biggest car market.

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  GAC Fiat's $680 million Guangzhou plant

  
  

  Attendants pose for a photo at the GAC Fiat Guangzhou plant's ground-breaking ceremony on June 18, 2014 in Guangzhou, Guangdong province. [Photo provided to chinadaily.com.cn]

  The Sino-Italian joint venture will invest more than 4.23 billion yuan ($680 million) in the new plant

  that has an expected annual production capacity of 160,000 units. The new plant, located in

  Guangzhou, Guangdong province, is set to start producing the latest Jeep global models

  beginning June 2016.

  
  

  
  

  
  
  
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  fulltimestudent

  Volkswagen China's $357.5 million Tianjin plant

  

  Officials from Tianjin municipality and senior executives of Volkswagen AG at the opening ceremony of

  the automaker's transmission plant. [Photo / China Daily]

  Volkswagen AG unveiled a new transmission plant in the coastal city of Tianjin in North China

  in early November as part of its plan to make highly efficient cars for the world's largest automarket

  The 2.2 billion yuan ($357.5 million) plant in the Tianjin Economic-Technological Development Area is designed to produce 450,000 double-clutch DQ380 gearboxes in the initial period.