FAW-Volkswagen joint venture to build new plant in Tianjin
By Zhang Min, Liu Jing and Zhuang Yu in Tianjin | China Daily | Updated: 2016-05-10 08:39
Auto joint venture FAW-Volkswagen Automotive Co Ltd is to build a new whole-vehicle manufacturing base in Tianjin, a move to increase its presence in China, where it already has four plants nationwide.
The construction of the new base, named North China Base, will start on next Wednesday and is expected to be finished in 2018, Sun Guowang, secretary of the company's board, said at a news conference on Monday.
"A nationwide network of the company's car-making bases will take shape when the new one is finished," Sun said, adding that it will help the company better meet the needs of consumers nationwide.
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