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GreenTech, Shengyang ZhongRui to build green vehicles in China

ABR Staff Writer Published 08 August 2011

GreenTech Automotive, a US-based hybrid and electric car developer, has formed a joint venture (JV) with Shenyang ZhongRui Investment to build and sell a new range of fuel-efficient cars in China.

The JV will build a full range of small and medium-sized hybrid and pure electric cars and SUVs with US-developed powertrains in Ordos, Inner Mongolia.

The JV, which is called Ordos GreenTech Automotive, has started work on a new manufacturing facility in Ordos in Inner Mongolia, it is being designed for a capacity of 300,000 units a year.

The plant will produce a full line of vehicles powered by US made combustion engines, hybrid powertrains and pure electric drivetrains.

GreenTech Automotive chairman Terry McAuliffe said currently, the aggregated import duty and other taxes in China make imported electrical and hybrid vehicles out of reach for average Chinese consumers.

"The venture will open up the Chinese market for his company, while at the same time creating jobs in the US," McAuliffe said.