Faw Car Invested CNY 998 Million in New Energy Light Truck

Automotive Sep 01, 2020 11:07 AM (GMT+8) · EqualOcean

According to Faw Jiefang Group's announcement, its car-producing subsidiary Faw Car is investing CNY 998 million, equal to 5.08% of its asset in 2019, into a new energy light truck base. The time horizon for this project is 26 months. The base is planned to build on a previous Faw Jiefang factory land in Qingdao, and the new base will have a light truck producing capability of 10,000 per year.

This text is a result of machine translation.

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