GUANGZHOU -- China's Guangzhou Automobile Group is bringing its eco-friendly car business into full swing, with plans to build a dedicated factory here and roll out new electric and plug-in hybrid vehicle models.
The automaker, also known as GAC, will spend 4.7 billion yuan ($681 million) for its first plant focused exclusively on green vehicle production. Construction kicked off recently and the facility is scheduled for completion at the end of 2018. Its initial 200,000-unit annual output capacity is expected to eventually rise to 400,000. The factory will produce vehicles such as electric versions of its Trumpchi brand cars.