Investment Dynamics
Yanbian Guotai's 10,000-New Energy Vehicle-a-year Project Laid the Foundation
Date:2018/08/08 10:53:00 Author: Source:



On July 31, the groundbreaking ceremony for the 10,000-new energy vehicle-a-year project of Guotai in Yanbian was held in Yanji International Airport Economic Development Zone.


The project, with a total investment of RMB 2 billion, covers a land area of 240,000 square meters and is planned to produce 5,000 new energy coaches and 5,000 pure electric logistics vehicles a year. The project is expected to achieve warm heating of the plant this winter and trial production around August 2019. After achieving full production, the project is estimated to achieve annual sales of RMB 4.8 billion and pay taxes of RMB 450 million annually.


Since the implementation of the poverty alleviation cooperation and counterpart support work between the east and west regions, the city Party committee and government of Ningbo and the Party committee and government of Yanbian Prefecture have extensively carried out docking and cooperation in many fields such as industrial development, talent exchange, and poverty alleviation. The new energy vehicle construction project is the largest industrial project under counterpart support and cooperation between Ningbo City and Yanbian Prefecture.

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