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ABB and Chongqing Liangjiang New Area signed an agreement to build a transformer intelligent manufacturing base in Yufu Industrial Park, Chongqing. The first phase involves an investment of 1.5 billion yuan (approx. $213 million) and is expected to start construction in 2020 and be completed and operational in 2022.
“项目一期计划投资15亿元,将在两江新区鱼复园区建设大型电力变压器制造基地、绝缘件加工中心和全球变压器设计中心。”cq.cri.cn
Summarized from public sources; check the original articles before acting on it.