Liangjiang New Area Auto Town of Chongqing has so far introduced 41 automobile projects with an investment of 53.3 billion yuan, among which 1.21 billion yuan comes from foreign investment.
These projects are expected to realize a total output value of 173.2 billion yuan.
Several Fortune Global 500 automotive parts and components enterprises and some 30 supporting enterprises will settle there, with a direct investment of more than 30 billion yuan and an industrial output of 60 billion yuan.
This auto town is expected to produce 3 million cars and 3.2 million engines by 2015, with an output value of 500 billion yuan, making Chongqing’s auto production and sales volume account for 13.5 percent of domestic auto market.
Besides, Liangjiang New Area Auto Town will strive to develop itself into a world research, development and design center, as well as the most powerful R&D base in China as of 2015.