Min’an Auto gets coveted e-car permit
Print Edition
JIANGSU Min’an Electric Automobile Co has become the fifth company to gain a permit that allows it to produce electric vehicles in China since June last year when the country issued new rules for establishing new electric-car makers.
Set up between Hong Kong Exhibition Plans (China) Investment Co and Jiangsu Huai’an Development Holdings Ltd, Min’an Auto is the first joint-venture company in China to be awarded the permit, the National Development and Reform Commission said yesterday.
Min’an Auto started its new 2.5 billion yuan (US$365 million) energy vehicle project in January.
The new factory is planned to have an annual production capacity of 150,000 units. In its first phase, the factory will be able to produce 50,000 units annually.
Min’an Auto aims to unveil its first new-energy vehicle in 2018.
The other four firms that also have the permit are BAIC BJEV, Changjiang EV owned by Wulong Electric Vehicle Co, Event Motors of CH-AUTO Technology Co and Chery New Energy.
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