Chana to invest in its Beijing project

• Source: Shanghai Daily
• [08:46 October 12 2010]
• Comments

Chongqing Changan Automobile Co (Chana) said Monday it will invest 11.5 billion yuan ($1.72 billion) in a passenger vehicle project in Beijing.

The manufacturing base, which covers 3.3 square kilometers, will be able to produce 500,000 vehicles and 500,000 engines annually with an output valued at 50 billion yuan.

It will become a vital base for mid-to-high-end sedans and new energy cars. The assembly line for pure-electric vehicles is scheduled to start production from July 2011.