BAODING, Hebei – Zhongxing Automobile Co., Ltd. (ZX Auto) broke ground for the expansion construction work of its Baoding commercial vehicle production base on September 15, according to a company news release.
With a total investment of ¥1.7 billion ($283.3 million), the production base will be capable of increasing annual output capacity to 150,000 vehicles from the current 50,000 units, after the expansion project is completed.
The new investment project, which will occupy an area of about 333,333 square meters, includes a new assembly workshop, a facility to produce core components such as axles and frames, an R&D center, as well as a testing center.
The new facilities will be constructed in two phases, and as planned the first phase will be put into operation in December 2016. When everything is in place, ZX Auto will mainly produce new B-class pickup trucks and B-class SUVs in the Baoding base.