China: Beiqi Foton eyes Yuan 1.2bn new-energy auto base

Chinese commercial vehicle manufacturer Beiqi Foton Motor plans to invest around Yuan 1.2bn (US$184.8m) to set up a facility to produce new-energy vehicles and accessories. In this regard, the company has signed a strategic agreement with partners to jointly develop the new-energy auto project. A report carried by China Knowledge said Subscribe to Automotive World … Continued

• By Webmaster
• May 25, 2011