Xiangxiang lands new energy automobile project

Updated: 2018-05-04


Zhou Junwen, mayor of Xiangxiang, meets Chen Xiaoming, chairman of Foshan Automobile Transportation Group Co Ltd, to advance the new energy automobile project on April 21, 2018. [Photo/ WeChat account: zgxxwz]

Foshan Automobile Transportation Group Co Ltd will roll out a branch in Xiangxiang, Hunan province. 

The branch of Xiangxiang is planned to design and product 3,000 large and medium-sized passenger vehicles every year, 75 percent of which will be new energy vehicles, with an investment of 700 million yuan ($ 110 million).

Since their docking in October 2017 Xiangxiang and Foshan Automobile Transportation Group Co Ltd have adhered to the cooperation objective of mutual benefits and win-win results and strengthened communication and cooperation. The project has achieved remarkable results with the city’s support.

The city government attaches great importance to the project and hopes it can generate huge economic benefits for Xiangxiang and optimize its industrial layout. Xiangxiang has set up a special working group headed by the mayor, begun land use planning, and drafted preliminary financing. 

Zhou Junwen, mayor of Xiangxiang, stands behind implementation of the project and expressed his eagerness to cooperate more with Foshan Automobile Transportation Group in the future.