A ceremony took place in the Bulgarian city of Lovech on May 11 to mark the opening of a joint venture au
to plant run by China's Great Wall Motor Company and Bulgaria's Litex Motors producing environmentally friendly vehicles. Bulgarian media reported that the plant has an initial investment of 80 million euros and is expected to produce Great Wall's Florid cars and Hover SUVs. According to Sofia News Agency, this project will initially create 1,000 new jobs. The growing popularity of environmentally friendly and cheap cars in the world offers excellent opportunities, and Great Wall is among the first Chinese firms to tap into this potential in an overseas market.China hopes to see 60,000 energy-saving and new energy vehicles on its roads by 2012, among which various kinds of hybrids will account for over 95 percent, said Wan Gang, minister of science and technology. So far, 10 kinds of new energy vehicles have been granted production licenses, and a batch of new energy vehicles including zero-emission electric vehicles will appear on the market.Wan said that the Ministry of Science and Technology, together with the Ministry of Finance, the National Development and Reform Commission and the Ministry of Industry and Information Technology, has launched a national energy-saving, new energy vehicle demonstration project. The project's 13 pilot cities will promote the use of new energy vehicles, mainly hybrids, for public transport, taxis, official business, municipal administration, postal services and other forms of public transport. In some big cities, the ministry will promote electric and fuel cell vehicles.
For further details visit at : http://www.chinadaily.com.cn/bizchina/2009-06/01/content_7959505.htm
to plant run by China's Great Wall Motor Company and Bulgaria's Litex Motors producing environmentally friendly vehicles. Bulgarian media reported that the plant has an initial investment of 80 million euros and is expected to produce Great Wall's Florid cars and Hover SUVs. According to Sofia News Agency, this project will initially create 1,000 new jobs. The growing popularity of environmentally friendly and cheap cars in the world offers excellent opportunities, and Great Wall is among the first Chinese firms to tap into this potential in an overseas market.China hopes to see 60,000 energy-saving and new energy vehicles on its roads by 2012, among which various kinds of hybrids will account for over 95 percent, said Wan Gang, minister of science and technology. So far, 10 kinds of new energy vehicles have been granted production licenses, and a batch of new energy vehicles including zero-emission electric vehicles will appear on the market.Wan said that the Ministry of Science and Technology, together with the Ministry of Finance, the National Development and Reform Commission and the Ministry of Industry and Information Technology, has launched a national energy-saving, new energy vehicle demonstration project. The project's 13 pilot cities will promote the use of new energy vehicles, mainly hybrids, for public transport, taxis, official business, municipal administration, postal services and other forms of public transport. In some big cities, the ministry will promote electric and fuel cell vehicles.For further details visit at : http://www.chinadaily.com.cn/bizchina/2009-06/01/content_7959505.htm
