FAW-VW to set up fifth Chinese plant in Wuhan
Will have an annual production capacity of 600,000 vehicles.
The FAW-Volkswagen joint venture plans to set up its fifth Chinese plant in Wuhan, the capital city of central China's Hubei province, reports Xinhua citing a report on auto.gasgoo.com. The new plant, expected to involve an investment of about RMB8 billion (USD1.3 billion), will have an annual production capacity of 600,000 vehicles, according to reports.
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