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News & info News

Nanjing A.E Auto’s new energy intelligent vehicle project begins its construction

日期: 2018-01-05
浏览次数: 37

Source: Nanjing Daily

(Reporter: Wu Mingliang, Zhang Xi) November 2nd 2017, Nanjing A.E Auto’s 13.6 billion yuan new energy intelligent vehicle project begins its construction in Jiangning Riverside Development Zone in Nanjing. Jiangsu Provincial Politburo member, Municipal Secretary of Nanjing Zhang Jinghua was present and announced its initiation. Others presented at the event include: China Investment New Century Co.,Ltd. CEO and Chairman Bian Ruifeng, Apollo Energy Automobile Industry (Beijing) Co, Ltd. CEO Zheng Qisheng, Taiwan Affairs Office of Jiangsu Director Yang Feng, Nanjing municipal executives Li Shigui、Yang Xuepeng, and special guests from Taiwan Hao Boun、Huang QingXian were also present at the ceremony.

Based on information provided, Nanjing A.E Auto Ltd. is funded by Apollo Energy Automobile Industry (Beijing) Co.,Ltd., China Investment New Century Co.,Ltd., and Wonderful New Energy Automobile Co.,Ltd. Apollo Energy’s new energy intelligent vehicle project is an upgrade to the existing fuel vehicle factory, based on new standards set by new energy vehicles and the idea of intelligent factories. Apollo Energy plans to build an intelligent, automatic, advanced flexible automobile assembly line. It will cover R&D, manufacturing and sales of the complete vehicle, power battery, electric motor, electronic control and spare parts. This project is a part of Jiangning Riverside Development Zone’s “Moving Cage Change Bird” program that pushes for major industrial and manufacturing upgrade. After the construction is finished, A.E Auto will produce 200,000 special used electrical vehicles and 150,000 electrical passenger vehicles with a 60 billion yuan projected revenue and 7 billion yuan tax payment annually.

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