The plant will have a standard capacity of up to 160,000 vehicles per year, which will require around 3,000 employees after the ramp-up phase. Both partners will together invest around €650 million (more than five billion CNY). The construction phase is planned for 2020 to 2022.
In summer 2018, the 50:50 joint venture agreement was signed in Berlin in the presence of Chinese Premier Li Keqiang and German Chancellor Angela Merkel.
As well as production, the innovative joint venture model also includes joint development of battery-electric vehicles in the world’s largest market for electromobility.