The Chinese ministry of environmental protection has approved Dongfeng Renault’s plan to set up a vehicle plant in Wuhan, Hubei province.
The CNY7.21bn (US$1.17bn) site in the Hanyang Huangjinkou City Industrial Park in Hankou, Wuhan, will have the capacity to manufacture 150,000 passenger vehicles and 150,000 engines per year, reported Gasgoo, citing an announcement on the ministry website. The facility is expected to add around CNY20.4bn in income and CNY2bn in profits after it starts full operation.
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The National Development and Reform Commission and the ministry of industry and information technology still need to review the proposal.
