Xi'an will expand the automobile industry worth 50 billion by 2010

It is reported yesterday that by 2010, Xi'an City, the capital of Shaanxi Province plans an auto output of 330,000 units annually, heavy-duty engine production to 50,000 units. (Including automobile sales services), the auto industry output value is expected to reach 50 billion Yuan, an added value 10 billion Yuan and total profits of 20 billion Yuan, to be an important auto logistics hub of central and western regions of China.

In 2006, Xi'an total production were 103,000 units, in 2005 a growth of 181%; total industrial output value were 17.8 billion Yuan, an increase of 116%; profit were 700 million Yuan, an increase of 67% year-on-year, increase of the foreign exchange earned through exports reached 1.02 billion Yuan.