Shanghai, April 2 (Gasgoo.com) Aviation Industry Corporation of China (AVIC) said it has signed a multibillion yuan deal with Guiyang government for building a manufacturing base in the hinterland Chinese city, a base which will not only make aero-engines but also develop new energy, electric vehicles and auto parts, China Business News reported, citing AVIC's announcement issued on March 30.
AVIC's new industrial base will be located in Guiyang, Guizhou province of southwestern China, covering an area of five square kilometers.
The newly launched industrial base, which will focus on aero-engines R&D, manufacturing and maintenance, will also develop new energy, electric vehicles and auto parts derived from aviation technology, AVIC said in the announcement.
According to the agreement, the first batch of projects include engine and engine parts manufacturing and maintenance for AVIC's Liyang engine company and new energy development project.
