GAC begins building $6b industrial park for NEVs

Guangzhou Automobile Group, a major automobile manufacturer based in Guangdong province, said it had began construction of a large industrial park for new energy and intelligent connectivity vehicles, aiming to boost its business amid the booming domestic demand for the environmentally friendly cars.

"Development of new energy vehicles, connected with intelligent technology, and unmanned vehicles, will be an industrial trend in the next five to 10 years. We will make great efforts to meet the market change," said Feng Xingya, general manager of GAC Group.

GAC Group, a Fortune 500-listed company, will develop the industrial park in Guangzhou's Panyu district, which consists of manufacturing, core auto parts and leading technological research of new energy cars, according to Feng.