Ford Motor Company announced that it plans to construct a new plant in Zhejiang province in eastern China, with investment of around $760 million.
Once the plant start production in 2015, it will firstly boost the company’s annual capacity in China by 250,000 vehicles.
Earlier the company stated that it will be spending $600 million for the construction of a third plant at its Chongqing complex in southwest China and is part of the largest and fastest expansion by the company.
Once the plant start production in 2015, it will firstly boost the company’s annual capacity in China by 250,000 vehicles.
Earlier the company stated that it will be spending $600 million for the construction of a third plant at its Chongqing complex in southwest China and is part of the largest and fastest expansion by the company.