A Chinese company has started construction of a massive new electric vehicle park in Wuxi, Jiangsu Province.
Go deeper with GlobalData
According to China Automotive Review, the Jiangsu Xinri Electric Vehicle Co. will invest 2bn yuan ($US260m) to produce over 5m electric vehicles a year. 50,000 of these will be cars, the remainder will apparently be motorcycles.
Wuxi produced over 3.5m electric bikes in 2006, accounting for a quarter of total output in China.
The new park will integrate the complete production chain, including parts and energy resources. It will also house the State Electric Vehicle Engineering Research Centre and a testing and market research centre.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
