Honda and GAC agree to build an electric car factory in China to produce plug-in cars together. According to a stock exchange filing, the 430 million dollar plant will have a capacity for 170,000 new energy vehicles per year.
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Volkswagen and its joint venture partner FAW are pressing to double their production facility in China. Their electric car production site in Foshan is currently churning out 300,000 EVs a year but it to grow into a “mega factory” with an annual capacity for over half a million units.
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Tesla has registered a firm for electric cars in Shanghai ahead of the planned change of rule in Beijing. The EV maker had been negotiating to open business in China without the previously required local joint venture partner before but to no avail.
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China’s carmaker Great Wall starts a dedicated new energy vehicle brand in its homeland. Ora, or Oula in Chinese will debut at the Beijing Auto Show this April. Pictures have been leaked revealing Ora’s first EV.
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