Karma-owner Wanxiang Group plans USD 375 million EV factory in China [ China ]
The Wanxiang Group, owner of Karma Automotive, is planning to build a factory in Hangzhou, China to produce electric cars.According to the company’s application for an environmental impact review posted on its website, the RMB 2.5 billion (USD 375 million) factory will have the capacity to manufacture 50,000 cars annually.Of the 50,000 cars to be built on the shared platform, Wanxiang pla...
<Aug 11, 2016>
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