Automakers to Construct Largest Auto Making Plant in Shenzhen
The plant will cover 1.3 square kilometers in the Guanlan sub-district in Bao’an. The plant will start off with an annual production capacity of 100,000 passenger vehicles, 100,000 commercial vehicles and 200,000 engines. The construction will cost around 8.4 billion yuan plus with an additional 500 million yuan to be spent on constructing a research and development center that will produce the Citroen DS series cars.
During the foundation laying ceremony, Shenzhen Party Chief Wang Rong that the construction of the auto plant marks the city’s auto industry entering the high end market. Also establishing the joint venture of the two companies will help promote the auto industry in Guangdong and Shenzhen.
The new plant will be the seventh production base of Chang’an Automobile Group. The company has also signed agreements with several provinces and cities. PSA Peugeot will be supplying all technologies needed for core auto parts and engines, since the PSA will be setting up two production lines of the EC8 and EP6 engines.