Volkswagen to build new plant in Changsha
May 30, 2013 Category Automotive, Automotive Metals & Minerals
Volkswagen plans to invest CNY12 billion to build its first plant in Central China through its joint venture with SAIC Motor. it will have an annual output of 300,000 units. Production at the new plant, to be located in Changsha, capital of Hunan province, will begin in early 2016. The plant will produce the Skoda Octavia and two other medium-sized sedan models. VW’s newly built plants in Urumqi (Xinjiang), Foshan (Guangdong) and Ningbo (Zhejiang) will start production this year. The company will also build parts plants in Changchun in Jilin province and Foshan in 2013. Over the next three years, the German automaker also plans to set up a new vehicle factory in southwestern China. Volkswagen plans to raise output capacity in China from the current 2.6 million to 4 million by 2018, with an average annual growth of 35%. GM also plans to add capacity. “General Motors’ manufacturing facilities in China are running at near maximum capacity. We need to add capacity to keep up with the rising demand for its products,” said Bob Socia, President of General Motors China.
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