FAW Jiefang has pledged to spend 20 billion yuan to build a global research chain and 10 billion yuan to establish a zero carbon emission factory. Photo: Handout
FAW Jiefang has pledged to spend 20 billion yuan to build a global research chain and 10 billion yuan to establish a zero carbon emission factory. Photo: Handout

State-owned FAW Jiefang pledges to invest US$4.6 billion building electric vehicle research bases, zero carbon-emissions factory

  • The commercial arm of China’s oldest carmaker said it aims to deliver half a million new-energy vehicles a year by 2035 – 70 per cent of its total sales
  • Move will ‘reinforce our push for a leading position in the pure-electric, plug-in hybrid and fuel-cell technologies,’ says chairman Hu Hanjin

FAW Jiefang has pledged to spend 20 billion yuan to build a global research chain and 10 billion yuan to establish a zero carbon emission factory. Photo: Handout
FAW Jiefang has pledged to spend 20 billion yuan to build a global research chain and 10 billion yuan to establish a zero carbon emission factory. Photo: Handout
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