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FAW Group started construction of a new assembly plant for Hongqi-branded new energy vehicles in Changchun, China, with an investment of CNY7.8 billion (US$1.1 billion) and an annual capacity of 200,000 vehicles.
“FAW plans to invest CNY7.8bn (US$1.1bn) in the new plant, which will have a designated annual production capacity of 200,000 ‘intelligent connected’ new energy vehicles.”just-auto.com
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