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3 Auto Projects of 1.18 Bln Investment Settled in Chengdu

  FAW Chengdu Fu Ao base, FAW Chengdu Fu Wei base and FAW new-energy vehicle southwestern base with total investment of 1.18 billion yuan settled in Chengdu Economic Development Zone on August 25. Of the total investment, 180 million yuan goes to Fu Wei Auto Parts Co., Ltd. and 400 million yuan is injected into Fu Ao Auto Parts Co., Ltd., both engaging in the manufacturing, sales and R&D of FAW-Volkswagen auto parts and accessories. The two bases are scheduled to be completed and put into production in August and September 2011 respectively. The rest 600 million yuan goes to FAW Coach (Chengdu) Co., Ltd. for the production of new-energy coaches of FAW brands as well as a sales headquarters and R&D center. The company is scheduled to be put into production in April 2011 with an estimated production capacity of 5,000 vehicles annually.

  

 
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