Volkswagen signs agreement for factory in west China
Source: Agencies |
April 24, 2012, Tuesday
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Print Edition
Print Edition
CARMAKER Volkswagen AG signed an agreement to build a factory in China's far west during a visit to its Wolfsburg headquarters by Chinese Premier Wen Jiabao yesterday.
The agreement with China's SAIC Motor Corp foresees total investment of about US$224 million.
The plant in Urumqi, capital of Xinjiang Uygur Autonomous Region, should produce up to 50,000 vehicles a year from 2015.
The agreement with China's SAIC Motor Corp foresees total investment of about US$224 million.
The plant in Urumqi, capital of Xinjiang Uygur Autonomous Region, should produce up to 50,000 vehicles a year from 2015.
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