SHANGHAI, Feb. 1 (SMM) –China Zhongwang Holdings is planning to build an aluminum-body automobile production base in Yingkou City, Liaoning, local media reported.
The project, with planned investment at 6 billion yuan ($913 million), is scheduled to enter operations in October 2017, the media added.
The project will be built in two phases, with investment in the first phase at 3 billion yuan and annual vehicle production at 50,000 units. The project mainly produces aluminum-body oil tanks, aluminum fire fighting trucks, etc, the media said.
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