FAW Haima Automobile builds 3rd plant

FAW Haima Automobile Co. Ltd has commenced construction of a third plant, which is expected to increase the company's annual production capacity to 300,000 cars from the existing 150,000 units, according to sources. The third plant, covering an area of 55.4 hectares, will involve in a total of RMB 1.5 billion in fixed assets. The plant is expected to be complete.