www.chinatrucks.com:China FAW Group Corporation and Qingdao Municipal Government signed an agreement on new energy commercial vehicle project at Qingdao on August 30, 2017. FAW Jiefang New Energy Commercial Vehicle project will be established at Qingdao Automobile Industrial New Town.

According to the two parties’ agreement, FAW’s new energy vehicle project will be chiefly involved in producing electric trucks and intercity logistic vehicles. After the completion of the first phase of the project, it will be able to produce 40,000 units new energy vehicles each year. When the second phase is completed, its annual production volume will reach 100,000 units with an output value of ten billion RMB.

FAW Jiefang’s new energy vehicle project in Qingdao Automobile Industrial Area will further strengthen the city’s competitiveness in China’s new energy vehicle industry, promoting common development of a number of enterprises involved in automobile industry.

So far, FAW-Volkswagon (Qingdao) East China Production Base, FAW Commercial Vehicle Production Base, and a number of other automobile related projects have settled in Qingdao Automobile Industrial Area, forming a complete automobile industrial chain.

FAW Group is a leading global manufacturer of quality passenger cars, trucks, and buses. Established in 1953, the company is China's oldest and largest automotive group. Annual sales exceed three million units.

Source : www.chinatrucks.com

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