Guangzhou Automobile Group Co Ltd (GAC Group) on Monday started construction work on a factory in Central China's Hubei province.
Guangzhou will invest 100 billion yuan ($15.4 billion) from 2018 to 2020 in its shipping industry, according to a three-year action plan recently released by the city to build the Guangzhou International Shipping Center.
By the end of 2017, the total number of Guangzhou's hi-tech enterprises reached 7,000 and the number is expected to hit 8,000 by 2020.
Joint venture GAC Honda Automobile is moving to take over Honda Automobile (China), enhancing its productivity with the additional capacity of the Japanese brand's currently plant in Guangzhou, Guangdong province.
A ceremony to celebrate the founding of Guangzhou Public Transportation Group, the largest public transportation group in South China, was held in Guangzhou on Dec 30.
A conventional and an emerging carmaker have joined hands in Guangzhou to market what may be the first mass-produced electric vehicle by a Chinese technology startup, in hopes of boosting the companies' value.
JingChi Corp has set the goal of mass producing a fleet of up to 1,000 self-driving vehicles in 2018-one of the most ambitious production targets in China for such vehicles.
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