# Fano Group to build new energy heavy truck base in Changde, Hunan

Fano Group (08153) signed an agreement with Changde Economic and Technological Development Zone to establish a new energy heavy truck and industrial chain base. The total investment is estimated at 7.5 billion yuan, covering 1,000 mu, with phase one including 160,000 square meters of factory and office space.

- Type: New facility
- Announced: 2020-07-28
- Where: Changde Economic and Technological Development Zone, Hunan, China
- Value: $1.07B (7.50B CNY)
- Status: announced
- Products: new energy buses, heavy trucks, Perlini heavy trucks, high-performance batteries
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Fano Group](https://endata.com/companies/48976.md)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/322533.html), 2020-07-30: "公司与常德经济技术开发区管理委员会订立了新能源汽车重卡及其产业链基地项目入园协议书"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.