BEIJING – Chang’an Automobile Co., Ltd. (Chang’an) held a launch ceremony for its new passenger vehicle plant in Beijing recently. With an overall investment of ¥11.5 billion ($1.72 billion), including ¥4 billion from a government fund, the plant will engage in the production of mid- and high-end sedans and new energy vehicles, according to media reports.
The new production base will cover 3.33 million square meters, with 1.53 million square meters for vehicle assembly and engine plants and 1.8 million square meters for auto parts and components facilities.
During the two-phase construction, the international advanced stamping, welding, painting and assembly lines with environment protection technologies will be installed for production of different vehicles on different platforms. After the completion, the production base will possess an output volume of 500,000 whole vehicles and 500,000 engines. The annual output value is estimated to surpass ¥50 billion, adding more than 20,000 jobs for the region.
According to the plan, the Beijing plant will become Chang’a’s main production base for its mid- and high-end independent brand sedans and new energy vehicles. The vehicles to be made in the company’s Beijing base will cover six series and about one dozen B-, C-, CD/D- and E-Class models. The pure electric vehicle assembly line and the first-phase construction of passenger vehicle facilities will be completed in 2011 and 2012 respectively.
Chang’ an attained output of 1,425,000 units of independent brand vehicles in 2009, coming in first among Chinese automakers and No. 13 globally, according to statistics from the International Organization of Motor Vehicle Manufacturers (OICA).