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Hunan Shiguan Auto Company Project Settled in Changsha Ningxiang Economic Development Zone

Updated: 2018-08-10

On August 7, Ningxiang Economic Development Zone made an agreement with Hunan Shiguan (Global Crown) Automobile Co., Ltd. It writes that the headquarter and research & development base project of Shiguan is settled in Changsha. Hu Zhongxiong, deputy secretary of the CPC Changsha Municipal Committee, Changsha mayor and Xiangjiang New Area Party Working Committee secretary, and Guo Yunbin, chairman of Shiguan Automobile were presented and witnessed the signing ceremony. Other city leaders including Zhang Yingchun and Li Xiaohong, and General Manager of Shiguan Automobie Yuan Tao also attended.

The project includes construction of one self-owned brand new energy vehicle company, two research and operation platforms, and one core component enterprise group. An estimated investment of 15 billion CNY will be made. And the project will be carried out in two phases.

Hu Zhongxiong pointed out that, as an important strategic emerging industry, the development of new energy vehicle is in line with the development direction of the national automobile industry. The settlement of the Shiguan Automobile Project in Changsha is a major achievement in Changsha's cultivation of new driving power and the development of new economy. It is of great significance for promoting the high-quality development of Changsha.

Translator: Zhang Meng
Chinese source: changsha.cn