Urumqi (CNS) - Shanghai Volkswagen Automobile Company plans to establish a wholly-owned subsidiary in Northwest China's Xinjiang Uyghur Autonomous Region, confirmed the Xinjiang Development and Reform Commission on November 6.
The subsidiary, Shanghai Volkswagen Automobile (Xinjiang) Limited, will invest 2 billion yuan in 2013 to build a manufacturing base capable of producing 50 thousand A-class sedans annually. It will be in full operation by 2016.
Xinjiang borders on a variety of Central Asian countries. In 2010, 5,128 automobiles worth over 200 million USD were exported via Khorgas port, a 30 percent increase over last year. Xinjiang's car manufacturing project will not only fill in an industry blank in the region, said the Xinjiang Development and Reform Commission, the new project is expected to make Xinjiang China's star auto manufacturing and assembly base for exports to the west.
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