GUANGZHOU -- China's Guangzhou Automobile Group (GAC) and Luxshare Precision Industry have broken ground on a joint factory for electric vehicle control systems and other components in the city of Guangzhou.
Mass-production at the roughly 3 billion yuan ($411 million) facility is slated to begin in 2024. GAC hopes to better compete with rival automakers by boosting in-house production of key EV parts.
