BAIC New Energy Automobile Changzhou Co., Ltd.

The BAIC New Energy Changzhou High-end Industrial Base project, with a total investment of 10 billion RMB, was officially settled in Wujin National High-tech Industrial Development Zone after signing. The project is completed in two phases. Among them, the first phase has a total investment of 1.5 billion RMB, with a planned annual production of 50,000 new energy electric vehicles. The second phase is expected to be constructed from 2017 to 2018, with a total investment of 8.5 billion RMB, including complete new energy electric vehicles, core components, and related supporting industries. Through a three-step development strategy, focusing on the goals of "building a first-class team, creating efficient processes, and establishing a model project," it is committed to becoming a first-class international new energy vehicle manufacturer.