Changan launches $1.73 bln new-energy vehicle project in Beijing

Shanghai October 20 (Gasgoo.com) Chinese automaker Chang'an Automobile Group recently broke ground on a 11.5 billion yuan ($1.73 billion) plant in Beijing, where it will make own brand mid- and high-end sedans and new energy vehicles, Jiefang Daily reported Wednesday.

The new plant is located in the Fangshan Doudian Industrial Base of Beijing, and will be capable of producing 500,000 vehicles and 500,000 engines per year after going into operation.

Chang'an will assembly more than 10 models including both self-developed and mid- and high-end vehicle models in the Beijing base. Under the company's plan, the pure electric vehicle production line will be up and running in July 2011, while the first phase construction of its sedan project will be completed in March 2012.