Gasgoo.com (Shanghai May 3) - According to a recently uncovered report, Anhui's JAC Motor has officially begun investment in its second production site, auto.163.com reported today. Total investment, which will cover construction and logistics, is reported to hit 2.19 billion yuan ($337.8m). The factory will attain production capability of 24,000 vehicles when investment is completed, allowing JAC to yield returns of 15.34 billion yuan ($2.37b).
Sources within JAC stated that the factory, located across from its first its initial production site, will begin its first batch of production by the latter half of this year. The new factory will be responsible for building six models sharing four different models.
