Mexican Media Brands
VW Confirms New Car Plant in China
Volkswagen AG has started construction of a new 12 billion-yuan (€1.5 billion) assembly plant in Changsha, China, with joint venture partner Shanghai Automotive Industry Corp.
Share
Volkswagen AG has started construction of a new 12 billion-yuan (€1.5 billion) assembly plant in Changsha, China, with joint venture partner Shanghai Automotive Industry Corp.
VW says the factory in south central China is scheduled to open in 2015 with annual capacity of 300,000 vehicles. The company has not disclosed what models it plans to build there.
The Changsha facility will help VW attain its goal of boosting annual capacity in the country to 4 million vehicles by 2018 from 2.6 million units, according to the company. VW says the new factory is part of its plan to invest €9.8 billion through 2015 in Chinese projects with joint venture partners SAIC and FAW Group Corp.
Separately, Bloomberg News reports that the German carmaker intends to produce vehicles for a new budget brand for China with FAW in about three years. The news service cites unidentified sources.
RELATED CONTENT
-
Multiple Choices for Light, High-Performance Chassis
How carbon fiber is utilized is as different as the vehicles on which it is used. From full carbon tubs to partial panels to welded steel tube sandwich structures, the only limitation is imagination.
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
