Yang Rong to realize auto-making dreams in Shenyang

Published: 19 Nov 2009 18:33:52 PST

Shanghai, November 19 (Gasgoo.com) Automobile parts and environment products maker Far East Golden Resources Group (FERG), which is taken charge of by Yang Rong said its subsidiary Hybrid Kinetic Motors Corporation (HKMC) would invest 10 billion yuan ($1.47 billion) in Shenyang, capital of northeast China’s Liaoning province to produce hybrid vehicle power systems.

According to the agreement that has been signed between HKMC and Shenyang government, the 10 billion yuan will be invested to establish hybrid vehicle power systems with a total capacity of 1 million units, including engines, gear-boxes and electromotors.

Reportedly, the Shenyang city government will provide no less than 2 square kilometers of land for the infrastructure.

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