According to foreign media reports, WKW Automotive Parts Co. plans to invest $1.24 billion in an electric vehicle plant in Germany. Steel Bar Bending Machine,Electric Rebar Bender,Automatic Steel Bar Bending,Automatic Cnc Steel Bar Bending Xuchang Jingrui Machine Manufacturing Co., Ltd. , https://www.jingruisteelbarcutter.com
According to a German local government on Thursday, Wikawi plans to invest $1.24 billion in an electric vehicle plant in Saxony, eastern Germany, and plans to add 1,000 new jobs to the area. The local court in Saxony also approved the approval of the company to build high-end electric vehicles.
Saxon Economic Minister Martin Dulig said: "Saxon is already a car city, and we hope to continue." Saxon Ministry of Economics spokesman Marco Henkel said on the phone that Wikawi hopes to use the "Made in Germany" title to gain access to the market. And Wei Kawei has not yet requested funding from the local government.
The investment in the Rothenburg and Oberlausitz plants at the border between Germany and Poland is at a time when German local car companies are accelerating the production of electric vehicles. Saxony has long been a production base for Volkswagen, BMW, etc., and Wikawi will benefit from nearly 750 auto parts suppliers. Volkswagen currently has production facilities in Zwickau and Chemnitz in Saxony, while Porsche produces Cayenne, Macan and Panamera at the Leipzig plant, while BMW says it also has a production plant in the city. Since 2013, electric vehicles have been produced.
Germany's WKW Erbsloh Motors currently holds a 25% stake in Beijing's Wikawi, while Beijing's Wikawi plans to invest through its subsidiary, Delon.
The WKW Erbsloh car in Wuppertal, Germany, does not provide financial support for the plant. According to German automotive analyst Ferdinand Dudenhoeffer, it is a medium-sized auto parts supplier and does not currently have the strength to produce in Germany. Cars can't meet German wage standards at the same time.