国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

National

Regional

Taiwan, HK, Macao

Special Coverage

Focus

Society

Profiles

China FAW, Volkswagen plan $735M auto plant in Chengdu

(Xinhua)
Updated: 2009-05-08 19:29

CHENGDU - China First Automobile Works (FAW) and Europe's auto giant Volkswagen said Friday they would jointly invest 5 billion yuan (US$735.3 million) to build an auto plant in Chengdu, capital of southwest China's Sichuan Province.

The plant is expected to create 4,500 jobs. It will have a planned annual output of 150,000 and will make the Volkswagen Jetta.

The firms didn't announce how the investment would be divided.

Xu Jianyi, FAW's general manager, said the new investment was made in an effort to support reconstruction of Sichuan, which was hit by a strong earthquake on May 12 last year.

Volkswagen China CEO Winfried Vahland said the Chengdu plant would serve as an important production base to achieve its 2-million sales target in China by 2018.

Europe's largest auto producer, Volkswagen, entered China in 1984 and has invested 6 billion euros (US$8 billion) in China so far, according to the company.

The European auto maker has 13 joint ventures in China, including one between FAW and Volkswagen in Changchun, capital of northeastern Jilin Province, which was established in 1990.

Volkswagen sold more than 1 million vehicles in China last year.