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Tianjin to get biggest JV auto investment
Print Edition
A production base that FAW-Volkswagen plans to set up in Tianjin will be the biggest joint-venture investment in the northern port city’s manufacturing sector, said an executive involved with the project.
The base in the Tianjin Economic-Technological Development Area will have an investment of US$2.5 billion, Xu Hongxing, director of the development area’s administration committee, said yesterday.
Construction is due to start this year, and the base is expected to be operational in 2018.
FAW-Volkswagen is a joint venture of China’s FAW Group, Germany’s Volkswagen AG, Audi AG and Volkswagen Automobile Investment Co.
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