German firm Mubea invests 100 mln USD to build NEV base in Taicang, China

NANJING, Jan. 12 (Xinhua) -- German auto parts supplier Mubea on Thursday signed an agreement with the city of Taicang in east China's Jiangsu Province, pledging to invest 100 million U.S. dollars to build an electric vehicle (EV) campus.

Covering an area of 60 mu (about 4 hectares), the new project is expected to generate an annual production value of 1 billion yuan (about 141 million U.S. dollars).

Esta