Geely builds new-energy car plant in Guiyang
November 30, 2015 Category Automotive, Weekly
Zhejiang Geely Holding Group Co began construction of its new-energy car manufacturing base in Guiyang, capital of Guizhou province. The factory is the first passenger car manufacturing base in the province. Geely is aiming to make its first methanol-powered car in 2017. The total investment is around CNY10.2 billion. When completed, the base will be able to generate an annual output value of CNY27 billion. Guizhou is a pioneer in methanol development, and one of the four provinces that have been designated as methanol car pilot program bases by the central government. Geely announced its “Blue Geely” plan on November 18 with a view to produce 1 million units of new-energy cars. Geely unveiled its first electric car during the Guangzhou Auto Show in November, priced in the range of CNY228,800 to CNY249,800.
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