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China's Changan Auto plans to invest 8.5 billion yuan ($1.25 billion) to build an auto plant in Shenzhen, the costal city in China's Guangdong province, the China Business News reported on Thursday.
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Changan has set a sales goal of 3 million units by 2015 and 5 million units by 2020, the report added.
A new-energy edition Yuexiang by China's Chongqing Changan Automobile is displayed at the Auto China 2010 in Beijing on April 24, 2010. [Photo/CFP] |