Recently, Nanning Municipal People’s Government and Zhejiang Hezhong New Energy Automobile Co., Ltd. signed a strategic cooperation agreement on new energy vehicles. Hezhong will invest in a project in Nanning to produce 100,000 pure electric passenger vehicles annually.
According to the agreement, Hezhong will invest 3.5 billion yuan in the project of pure electric passenger cars in Nanning. After the completion, it’s estimated to produce 100,000 finished vehicles annually according to the design capacity, representing an annual output value of approximately 12 billion yuan, which will effectively help to boost the supporting capacities for the automobile industry in Nanning. In the future, Nanning and Hezhong will increase the depth and width of their cooperation. They will cluster key auto parts and accessories manufacturing projects on the one hand and explore for more cooperation fields in battery, electric drive and electric control system of new energy vehicles on the other hand, so as to jointly promote the development of the new energy vehicle industry in Nanning.