The Chinese auto maker Anhui Jianghuai Automobile Company has announced that it will team up with Far East Golden Resources Group, to invest about CNY30 billion in a new plant in Hefei.<\/p>\n
Jianghuai Auto said the new plant will be engaged in producing clean-technology vehicles, car engines, and batteries. It is expected to make one million cars in the next eight years.<\/p>\n
In the first half of this year, Jianghuai Auto sold 243,570 cars, up 67.24% year on year. Its operating income jumped 73.31% year on year to CNY16.16 billion.<\/p>\n
Far East Golden Resources Group is a private equity company established by Chinese automobile tycoon Yang Rong who fled the country after being accused of economic crimes.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Chinese auto maker Anhui Jianghuai Automobile Company has announced that it will team up with Far East Golden Resources Group, to invest about CNY30 billion in a new plant in Hefei.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[752,6456,6455,989,1804,981,6454,121,6453],"class_list":["post-7869","post","type-post","status-publish","format-standard","hentry","category-energy-cleantech","tag-alternative-energy","tag-anhui-jianghuai-auto","tag-anhui-jianghuai-automobile-company","tag-automobile","tag-battery","tag-car","tag-far-east-golden-resources-group","tag-tianjin","tag-yang-rong"],"acf":[],"yoast_head":"\n