The Tianjin Qingyuan Electric Vehicle Co. Ltd. (QYEV) is currently building a
new electric car plant
scheduled to open in late 2007 which will be capable of producing 20,000 electric powered vehicles per year. The 16.5 acre / 6.7 hectare Tianjin based facility is designed to produce cars powered not only by
drive trains, but also by batteries alone and
. Production, research and development, and a testing centre will all be incorporated into the plant which is expected to cost 165 million yuan (US$21 million).
The QYEV already exports battery-powered minibuses to the United States with shipments expected to rise from 112 in 2005 to more than 500 in 2006. Total
exports are predicted to reach 5,000 units to the U.S. plus another 5,000 unites to European and Asian markets by 2011.
[Source: People's Daily Online]