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Beiqi Foton to build factory for alternative fuel vehicles

Beiqi Foton Motor Co. announced that it will build a RMB 1.2 billion (US$184.90 million) factory to produce alternative fuel vehicles (AFV). The new factory will be located in Zhongshan, Guangdong Province. The new plant is expected to produce 20,000 AFVs when operational. No further information was provided by the company about when construction will begin. Beiqi Foton is China’s fifth largest automotive company. The company has sold 2,000 AFVs so far this year, including electric buses, electric taxis and electric road cleaning vehicles. (May 24,2011)