According to the "Guangdong Province 2012 Key Construction Project Plan (Draft)" submitted to the Fifth Session of the 11th Guangdong Provincial People's Congress, this year the province will continue to focus on the construction of Foshan FAW-Volkswagen, Shenzhen Changan Peugeot and other projects, investment in the automotive industry. It reached 14.2 billion yuan.
Among them, in the Foshan Automobile Industry Base, the “Foshan FAW-Volkswagen Guangdong 300,000 car project†with a total investment of 13.3 billion will start to invest 4.5 billion yuan this year, mainly for “civil construction, equipment purchase and installation and commissioningâ€. The project will be completed and put into operation in August 2013, and the initial capacity will reach 300,000 units.
According to the draft, in addition to Foshan Automobile Industry Base, this year Guangdong will focus on building projects such as Shenzhen Changan Peugeot, Guangzhou Automobile Base and Zhuhai Yintong New Energy Vehicle.
The Shenzhen Changan Peugeot Citroen joint venture project with a total investment of 8.4 billion yuan was officially started in November last year. The designed production capacity reached 200,000 units/year, and the planned investment this year reached 2.92 billion.
The Guangzhou Automobile Base includes the Guangzhou Development Zone Automobile Industry Base, the Guangzhou Huadu Automobile Industry Base, and the Dongfeng Nissan Passenger Vehicle Engine (to 960,000 units) expansion project. The total investment this year is 2.47 billion, which is not lower than the previous year. less.
Affected by factors such as the earthquake in Japan, the Guangzhou auto industry was also greatly affected last year. According to the data released by the Guangzhou Municipal Bureau of Statistics, in the first 11 months of 2011, the total industrial output value of the automobile manufacturing industry was 276.541 billion yuan, a year-on-year increase of only 2.2%, a sharp drop of 21.8 percentage points from the same period of the previous year (24.0%).
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