A $2.5 billion New Vitality Automobile plant is underneath building.
The partnership between Volkswagen AG and SAIC Motor Corp is progressing because the three way partnership firm SAIC Volkswagen has simply began constructing a 17 billion yuan ($2.5 billion) plant for New Vitality Autos in Anting, Shanghai.
The brand new facility is anticipated to have the ability to produce some 300,000 automobiles yearly (numerous manufacturers – Volkswagen, Skoda and for the very first time additionally Audi) from 2020 on.
Beforehand, Audi was produced in China with one other one in every of Volkswagen’s accomplice – FAW.
The brand new plant will likely be targeted on all-electric and plug-in hybrid fashions based mostly on the all-new MEB platform.
Concurrently, there will likely be battery packs constructed on an meeting line on the website.
Supply: Gasgoo, Reuters