Saleen’s Rugao Plant, June 2018, Largest Investment Ever For City



Saleen’s first product in China will be its entry-level sports car S1, according to Charles Wang, chairman and CEO of Jiangsu Saleen Automotive Technology Co, a joint venture established in 2009.

“The gasoline version will come first, after its launch at the Los Angeles Auto Show in December. Then the electric version will follow in 2018,” said Wang.

Jiangsu Saleen is investing 17.8 billion yuan ($2.68 billion) in its carmaking efforts in Rugao, Jiangsu province, the largest-ever investment in the city, according to mayor He Yijun.

Its plant is currently under construction, with an initial investment of 6 billion yuan. When completed in June 2018, it will be able to produce 150,000 cars a year.


Read more…

Editorial Team

Our Editorial Team curates "news you can use" from hundreds of local newspapers, magazines, blogs and online sources, press releases, radio and TV news shows from around the world. We take great pride in being providing Daily Business Intelligence that's all business and no politics.