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FAW-Volkswagen starts building north China plant

Xinhua, May 18, 2016 Adjust font size:

FAW-Volkswagen on Wednesday started construction of its north China production base in Tianjin.

With an investment of 19.5 billion yuan (3 billion U.S. dollars), the car assembly plant has a designed annual production capacity of 300,000 units.

Covering an area of 1.08 million square meters in the Tianjin Economic-Technological Development Area, the plant could create as many as 6,000 jobs.

Jochem Heizmann, CEO of Volkswagen China, said the plant will help the joint venture FAW-Volkswagen meet its target of churning out 3 million cars annually in 2020.

Heizmann said the new plant in Tianjin shows Volkswagen's confidence in China's auto market and also is a result of 25 years of cooperation between the German carmaker and its Chinese partner, FAW Group.

FAW-Volkswagen previously opened production bases in Changchun, Chengdu, Foshan and Qingdao. The new plant could help meet consumer demand better, Heizmann said. Endi