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Dongfeng Electric Vehicles
Less than a week ago, Dongfeng Motor Corporation outlined a five-year, $443 million program with a focus on developing and building hybrids and electric vehicles (EVs). Now, Dongfeng has revealed plans that show the company is serious about entering the advanced vehicle market as soon as possible. According to Sinocast, a Chinese news service, Dongfeng Motor broke ground on an EV manufacturing facility that will boast an annual production capacity of 2,000 complete vehicles and at least 5,000 fu
China's third-largest automotive group, Dongfeng Motors, recently announced plans to invest a massive chunk of change into development of alternative technology vehicles. The company's future blueprint shows that Dongfeng will invest three billion yuan ($443 million U.S. at the current exchange rate) in an effort to speed up the commercialization of eco-friendly vehicles like hybrids and electrics.