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GAC Fiat's $680 million Guangzhou plant
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Attendants pose for a photo at the GAC Fiat Guangzhou plant's ground-breaking ceremony on June 18, 2014 in Guangzhou, Guangdong province. [Photo provided to chinadaily.com.cn] |
The Sino-Italian joint venture will invest more than 4.23 billion yuan ($680 million) in the new plant that has an expected annual production capacity of 160,000 units. The new plant, located in Guangzhou, Guangdong province, is set to start producing the latest Jeep global models beginning June 2016.
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