A New Energy Vehicle R&D Base to Be Built in Ningxia

SHANGHAI, Jun. 16 (SMM) – Ningxia is expected to be built as new energy vehicle R&D base in the future, auto.gasgoo.com reported.

The new base will cover an area of 666,000 m2 with total investment hitting 2.3 billion yuan ($ 0.35 billion). The project is scheduled to produce 3,000 units of new energy public buses, 2,000 units of medium-sized buses and 3,000 units of light passenger vehicles within five years.

The project is forecast to enter into full operation in 2019, when annual output value will reach 3 billion yuan and tax revenues will hit 210 million yuan. And the project is scheduled to offer more than 3,000 jobs. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.