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| FAW-Volkswagen is constructing a production base in Jimo, Qingdao, a coastal city of east China's Shandong province. [qingdaonews.com] |
FAW-Volkswagen is constructing a production base in Jimo, Qingdao, a coastal city of east China's Shandong province.
The base in the Qingdao automobile industrial area will have a total constructed gross floor area of 500,000 square meters and a first phrase investment of 14.4 billion yuan (US$ 2.25 billion). The base could create as many as 9,200 jobs.
FAW-Volkswagen is a joint venture of China's FAW Group, Germany's Volkswagen AG, Audi AG and Volkswagen Automobile Investment Co. Ltd.
FAW-Volkswagen previously opened production bases in Changchun, Chengdu and Foshan.
