129798731379610000_14SAIC (600,104) announced yesterday, SAIC and VW tera gold, officially signed the agreement of construction in Xinjiang. Shanghai VW will build a production capacity of 50,000 units/year in Urumqi's factory. Volkswagen factory in Urumqi investment of 170 million euros (about $ 1.4 billion RMB), and take into account manufacturing operations extending to the West of China。 SAIC-related sources, the factory is located in economic development zone, Urumqi (Toutunhe District). 　　After the completion of the project in Xinjiang, have a body shop tera power leveling, paint shop and final assembly plant and related facilities, the first annual capacity of 50,000 vehicles. Shanghai Volkswagen is currently one of the largest passenger car joint venture in China, China investment50%. 　　It is worth mentioning that, in Germany the latest cooperation project between enterprises, and Chinese Prime Minister Wen Jiabao of the State Council on 23rd referred to in speaking at the opening ceremony of the Sino-German Business Summit "welcomed Germany companies increase investment in the Central and Western areas of China's high-tech and service industries, and" fit. In fact, it was in Germany under the 23rdAfternoon, Premier Wen Jiabao and Germany Chancellor Angela Merkel visited Germany Volkswagen's Wolfsburg headquarters tera power leveling, Volkswagen announced the news establishment of Xinjiang. Overseas financial reports according to Xinhua, Zhejiang Geely holding Group announced yesterday that it will be Wen Jiabao visited the Volvo cars Sweden Gothenburg factory, a financing agreement with China Development Bank signed memorandum of understanding.Geely for $ 1.8 billion acquisition of Volvo had previously said, will invest 11 billion dollars during the 2011-2015, including three factories in China. 　　According to Reuters, said Geely Chairman Li shufu, 23rd at the Beijing International Motor Show clearance, before 2020, Volvo plans to launch 10 new cars in China. The sameDay, Geely holding group spokesman Yang Xueliang Morning Post reporter in an interview revealed, Geely automobile (quotes, news, reviews) or planned jointly with the Volvo cars, building a high-end model. The other news around this topic :