Thursday, February 16, 2012

Skyworth to Build New Energy Automobile Base in Nanjing of China with Expected Annual Revenue of 50 Billion Yuan

It is reported that yesterday, the Skyworth Group founder Huang Hongsheng revealed that the Chuangyuan Tiandi holding company he established has set up the Nanjing Tiandi Automobile Co. Ltd. in Lishui County, and it united Nanjing the Dongyu Automotive Group and Xiamen King Long to restructure the Nanjing King Long manufacturing Co., Ltd. He served as chairman of the reorganization of the company and is planning to invest 10 billion yuan to build a new energy automobile base in Nanjing.

At present, the initial investment of 2.79 billion yuan has been basically put in place, the total construction area is of 278,400 square meters. The company will add 2141 sets of main process equipment, and the number of employees is expected to reach 4906, which will effectively solve the employment problem of the local residents in Lishui. It is expected to realizes revenue of 11.2 billion yuan, profits of 890 million yuan once the enterprise's design production capacity reaches 20,000 per year.



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