Gasgoo.com (Shanghai May 16) - Haima Auto is to invest 3 billion yuan ($462.2m) in its new factory in Zhengzhou, Henan, officially commencing next year, the Beijing News reported today. In addition to its existing production sites in Zhengzhou and Haikou, Hainan province, the new factory will bring Haima's total number of sites to three.
According to Ou Yongfu, CEO of Haima's sales division, the new site's technology department and engine factory are already being constructed. The new site will boost Haima's total Zhengzhou output to over 200,000 vehicles. "[Production for] Haima in Zhengzhou will expand to include subcompacts and some minivans in the future," Mr. Ou added.
