On October 20th, Shenbei New District Government signed a contract with Shenzhen Wuzhoulong Automobile Co., Ltd. on the construction of a new energy automobile industrial base project in North China (Shenyang).
Shenzhen Wuzhoulong Automobile Co., Ltd. will invest 3.5 billion yuan to build the “Northern China (Shenyang) New Energy Automobile Industry Base†in the Daoyi Development Zone of Shenbei New District, which will become the new hybrid bus production base in northern China. The project is scheduled to start at the end of 2009. The first passenger car will be rolled off in mid-August 2010. The car will be 30% more energy-efficient than an ordinary car. It is a new energy bus with 45-80 seats. The project will be constructed in two phases. After the completion of the first phase, the annual production capacity of 10,000 new hybrid buses will be realized. After the project is completed, it will form an annual production capacity of 20,000 new hybrid buses. The output value is expected to reach 15 billion yuan. Profits and taxes are nearly 1 billion yuan.
View related topics: New energy vehicles: The magic weapon to deal with energy crisis
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