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FAW-Volkswagen joint venture to build new plant in Tianjin
Published on: 2016-05-10
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02Auto joint venture FAW-Volkswagen Automotive Co Ltd is to build a new whole-vehicle manufacturing base in Tianjin, a move to increase its presence in China, where it already has four plants nationwide.


The construction of the new base, named North China Base, will start on next Wednesday and is expected to be finished in 2018, Sun Guowang, secretary of the company's board, said at a news conference on Monday.


"A nationwide network of the company's car-making bases will take shape when the new one is finished," Sun said, adding that it will help the company better meet the needs of consumers nationwide.


According to Sun, with an investment of 19.5 billion Yuan ($3billion), the new plant is expected to make 300,000 cars per year.


FAW-Volkswagen is a joint venture between the FAW Group and Volkswagen Group that makes Audi and Volkswagen vehicles in China.


Covering 108 hectare of land, the new base is located in Tianjin Economic & Technologic Development Area.


When put into operation, the base will require 6,000 employees, mainly from local and surrounding areas of TEDA.

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