China's Changan Auto plans to invest 8.5 billion yuan ($1.25 billion) to build an auto plant in Shenzhen, the costal city in China's Guangdong province, the China Business News reported on Thursday.
The joint venture, co-owned by Chongqing Changan Automobile and PSA Peugeot Citroen, will produce 200,000 vehicles per year in Shenzhen, the report cited the company as saying. www.EnergyChinaForum.com Changan has set a sales goal of 3 million units by 2015 and 5 million units by 2020, the report added.(Edited by EnergyChinaForum.com. For more information, please email to: info@energychinaforum.com)
(China Daily,Aug 27,2010)
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