Foton to set up new energy auto base in Beijing
Published: 30 Dec 2008 01:55:57 PSTDec. 30, 2008 (China Knowledge) - Beiqi Foton Motor Ltd<600166> plans to invest RMB 5 billion in a new energy auto design and manufacturing base in Beijing, sources reported. With a production capacity of 5,000 hybrid power buses and 400,000 energy-efficient engines, the base will be the largest one of its kind in China. The Beijing-based auto maker has signed an agreement on Sunday with the Beijing Public Transportation Group to sell the latter 800 hybrid electric buses. Copyright © 2008 www.chinaknowledge.com Send feedback or comments to: news@chinaknowledge.com For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI | 
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